Following the launch of its $100B AI infra strategy late last year, Brookfield (BAM) is back at it - buying Peakstone Realty Trust for $1.2B (a >30% premium). While the acquisition isn’t directly linked to AI…

… like its recent $80B nuclear deal, the acquired industrial real estate portfolio is an indirect beneficiary - given it’s situated in key data center hubs.

Combine that with supply constraints for outdoor storage and the demand for existing assets should be strong, supporting high occupancy and rent growth.