Peakstone Realty Trust Sells Three Properties for $177 Million, Accelerates Shift to Industrial REIT

Reuters09-03

<a href="https://laohu8.com/S/PKST">Peakstone Realty Trust</a> Sells Three Properties for $177 Million, Accelerates Shift to Industrial REIT

Peakstone Realty Trust, a real estate investment trust, has successfully completed the sale of three properties for approximately $177 million as part of its strategic transition towards becoming an industrial REIT. The transactions included the sale of two office properties in Birmingham, AL, and Greenwood Village, CO, along with an industrial property in Sparks Glencoe, MD. With these sales, Peakstone's industrial annual base rent $(ABR)$ now represents over 50% of its total ABR, marking significant progress in its strategic shift. The company's leverage has improved and aligns with its target level of approximately 6.0x. Peakstone's management is confident that this portfolio repositioning will deliver growth and value for shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peakstone Realty Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20250903674976) on September 03, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peakstone Realty Trust published the original content used to generate this news brief via Business Wire (Ref. 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