Brookfield Asset Management to Acquire Peakstone Realty Trust in $1.2 Billion All-Cash Deal

Affiliates of Blackstone Real Estate Acquire PS Business Parks for $7.6 Billion

July 20, 2022

Real Estate

Affiliates of Blackstone Real Estate entered into a definitive all-cash agreement to acquire PS Business Parks, Inc. for $187.50 per share, valuing the transaction at approximately $7.6 billion. The deal covers PS Business Parks’ commercial portfolio (industrial, business park, office, and multifamily) primarily located in California, Miami, Texas, and Northern Virginia, with an expected closing in the third quarter of 2022.

Blackstone to Acquire QTS Realty Trust in ~$10 Billion All-Cash Transaction

June 7, 2021

Infrastructure

QTS Realty Trust and Blackstone announced they entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and other perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of QTS for $78.00 per share in an all-cash transaction valued at approximately $10 billion, including assumed debt. The transaction is expected to close in the second half of 2021, subject to stockholder approval and customary closing conditions.

Affiliates of Blackstone Real Estate Acquire Bluerock Residential Growth REIT

October 6, 2022

Real Estate

Affiliates of Blackstone Real Estate (Blackstone) completed an all-cash acquisition of Bluerock Residential Growth REIT, Inc. for $24.25 per share, valuing the transaction at approximately $3.6 billion. The deal included a spin-off of Bluerock's single-family rental business into a newly listed REIT, Bluerock Homes Trust (BHM).

Brookfield Acquires 51% Stake in Castlelake's Fee-Related Earnings

September 17, 2024

Financial Services

Brookfield Asset Management has completed a strategic partnership with Castlelake L.P., acquiring a 51% interest in Castlelake's fee-related earnings while Brookfield Wealth Solutions committed to invest in Castlelake's funds and strategies, bringing total committed capital to $1.5 billion. Castlelake will continue to operate independently, retaining its leadership and majority ownership of performance-related earnings. The transaction strengthens Brookfield's asset-based private credit capabilities and provides capital to scale Castlelake's platform.

Brookfield to Acquire Remaining 26% Stake in Oaktree for About $3 Billion

October 13, 2025

Financial Services

Brookfield Asset Management (BAM) and Brookfield Corporation (BN) have announced a proposed transaction in which Brookfield will acquire the remaining 26% interest it does not already own in Oaktree, taking Oaktree to 100% ownership. The deal is valued at about $3 billion and is expected to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions.

Stonepeak Acquires Boundary Street Capital

November 12, 2024

Financial Services

Stonepeak agreed to acquire Boundary Street Capital, LP, a specialist private credit investment manager focused on digital infrastructure and enterprise infrastructure software and technology services for the lower middle market. The combined platform is intended to broaden Stonepeak Credit’s digital infrastructure investing capabilities and credit-linked offerings. Stonepeak later completed the acquisition in January 2025.