Brookfield Asset Management’s (BAM) Recent Real Estate Investment Is An All Cash Deal

BAM +3.77% PKST -0.38%

Brookfield Asset Management Ltd. (NYSE:BAM) is one of the 10 best financial stocks to buy for the long term. Brookfield Asset Management Ltd. (NYSE:BAM) announced on February 2 an agreement to acquire real estate investment trust Peakstone Realty Trust (PKST). This is an all-cash transaction and valued at $1.2 billion, or $21 per share. As per the statement, the deal is anticipated to close by the end of the second quarter of 2026.

The acquisition includes a 30-day go-shop period, allowing Peakstone the opportunity to explore alternative offers. Peakstone also announced that it plans to release its full-year 2025 and fourth-quarter financial results at the end of February. These results are expected to provide additional clarity on the company’s performance and financial position ahead of the acquisition’s completion.

Lowell Baron, CEO of Brookfield’s Real Estate business, expressed his thoughts by saying:

“This acquisition is an exciting opportunity to expand Brookfield’s industrial real estate platform with Peakstone’s high-quality and well-diversified portfolio, which will benefit from strong long-term fundamentals for the warehouse and IOS sectors.”

As part of its fourth-quarter preview, TD Cowen lowered its price target on Brookfield Asset Management Ltd. (NYSE:BAM) from $76 to $75 while keeping a Buy rating on January 27. The firm said that recent macroeconomic developments weakened investors’ confidence in a strong recovery in the capital markets in 2026. However, TD Cowen named Brookfield as a defensive stock, indicating it may be better positioned than its peers to navigate the economic uncertainty in the year ahead.

Brookfield Asset Management Ltd. (NYSE:BAM) operates as a private equity firm. The company specializes in acquisitions and growth capital investments. It invests in infrastructure and renewable power & transition sectors, as well as in industrials, infrastructure services & business services. It operates as a subsidiary of Brookfield Corporation.

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Disclosure: None. This article is originally published at Insider Monkey.