Brookfield to Secure $735M for Industrial Collection

May 19, 2026

The collateral entered the firm's portfolio earlier this year, with the purchase of Peakstone Realty Trust.

Brookfield is on track to secure a $735 million financing package for a 25.3 million-square-foot, 65-property industrial collection, according to a Morningstar DBRS presale report.

The collateral entered Brookfield’s portfolio earlier this year, with the purchase of Peakstone Realty Trust. The REIT owned 77 properties at the end of March, SEC filings reveal.

The debt will consist of a two-year, interest-only $660 million CMBS loan—to be issued and sold by Citi, Goldman Sachs and Morgan Stanley at a rate of 5.66 percent—and a $75 million mezzanine note. The deal’s estimated closing date is June 3.

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Brookfield is expected to provide $245.1 million in equity, bringing the total to $980.1 million, of which $896.9 million represents the enterprise value of the 65-property portfolio. The remaining $83.2 million is earmarked for working capital adjustments, interest rate cap costs, origination fees and legal expenses.

The collection spans 28 different markets in 17 states. It comprises 10 traditional warehouses and 55 IOS properties with an average weighted completion date of 1989 and an occupancy rate of 92.7 percent. Peakstone entered the IOS sector with the $490 million purchase of a 51-asset portfolio spanning 440 acres in 2024.

A roster of 57 unique tenants occupies the portfolio. The largest among them is RH, formerly Restoration Hardware, followed by Amazon, Huntington Ingalls and United Rentals, among other companies.

REIT acquisition activity skyrockets early in 2026

REIT acquisitions surged in 2026, with the first quarter alone recording more than double the number of deals registered in all of 2024 and matching the level of activity witnessed throughout 2025, according to a Nareit report.

Such a transaction closed in January, when Ares and Makarora paid $22.00 per share for Plymouth Industrial REIT. The acquisition valued Plymouth at $2.1 billion.

This was Ares’ first public-to-private deal of the year. The second one, expected to close in the third quarter, is a $1.7 billion merger agreement that was signed with a retail REIT last month.