Global Legal Chronicle: Peakstone Realty Trust’s US$490 Million Acquisition of 51-Property Industrial Outdoor Storage Portfolio
November 7, 2024
O’Melveny advised Peakstone Realty Trust, a real estate investment trust focused on owning and operating industrial assets, on its acquisition of a portfolio of 51 industrial outdoor storage properties from a joint venture between Alterra IOS, and institutional investors advised by J.P. Morgan Asset Management in an off-market transaction valued at US$490 million. The O’Melveny team was led by partner and Project Development & Real Estate Group chair Michael Hamilton, partners Peter Breckheimer, Tim Evans, John Rousakis, Malcolm Montgomery, Billy Abbott, Jeff Norton, Chris Del Rosso, and Mark Easton, counsel Jessica Fluehr, Sarah Hoffner, Adrian Vidaurri, Kathryn Turner, Paige Minteer, Emma Jones, Maya Spitzer, and Adam Ackerman, and associates Aaron Amankwa, Britny Arianpour, Sofia Panarella, Kylie Choi, Elizabeth Lopez, and Alyx Bogus.
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