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Brookfield lines up $735 million in debt to finance Peakstone acquisition

Banks to provide $660 million CMBS loan, $75 million note for industrial portfolio
RH, formerly Restoration Hardware, occupies the largest property, a 1.5-million-square-foot distribution center in Patterson, California. (CoStar)<br/>
RH, formerly Restoration Hardware, occupies the largest property, a 1.5-million-square-foot distribution center in Patterson, California. (CoStar)

Brookfield Asset Management has arranged $735 million in commercial mortgage-backed securities financing for a 65-property outdoor storage and industrial portfolio it acquired through its $1.2 billion purchase of Peakstone Realty Trust, according to a Morningstar DBRS presale report.

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