Peakstone Realty Trust Acquires Portfolio Of 51 Industrial Outdoor Storage Properties In An Off-market Transaction Valued At $490M

Author: Benzinga Newsdesk | November 04, 2024 05:41pm

The acquisition was funded by a combination of proceeds from the Company's credit facility and cash on hand.

The 51-property infill portfolio comprises 45 operating assets and six redevelopment sites. These assets span a total of 440 usable acres across 14 states and are strategically located near major supply chains and population centers. The operating portfolio has a WALT of 4.5 years1 and is approximately 100% leased2 to diversified, high-quality, primarily national and regional tenants.

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