In this episode, we break down Brookfield Asset Management’s $1.2 billion all-cash acquisition of Peakstone Realty Trust — and why this deal is less about size and more about structure.

Brookfield is paying a meaningful premium to take a fully de-risked, industrial-only platform private, with heavy exposure to industrial outdoor storage. That choice sends a clear signal about where institutional capital is moving — and what it’s actively avoiding.

We discuss what Brookfield is really underwriting, why portfolio simplification now commands a premium, how IOS has crossed into institutional territory, and what this transaction says about the growing valuation gap between public REITs and private capital.