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• Brookfield Asset Management agreed to acquire Peakstone Realty Trust, shifting the real estate owner from public to private ownership.

• Affiliate TerraForm Power reached a deal to buy the large Steward Creek Solar project, expanding Brookfield’s presence in renewable energy.

• Both transactions reflect Brookfield’s effort to scale existing business lines and enter new markets that align with its investment focus.

For investors watching TSX:BAM at around CA$69.39, these moves add fresh detail to the story behind the share price. The stock has seen a 5.5% decline over the past month and a 15.6% decline over the past year, alongside a very large 3 year return of 70.9%. Together, these figures give useful context for how the market has treated the company through different periods.

The Peakstone and Steward Creek Solar deals give you more to weigh as you think about Brookfield’s mix of real estate and renewables. As the company integrates these assets and builds out its verticals, the balance between income oriented real estate and growth oriented clean energy will likely remain an important angle for anyone tracking TSX:BAM.

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How Brookfield Asset Management stacks up against its biggest competitors

Brookfield Asset Management’s decision to buy Peakstone Realty Trust for about US$1.2b alongside TerraForm Power’s purchase of the 1.56 GW Steward Creek Solar project points to a clear push to scale two core areas: income-producing industrial real estate and long-dated renewable power. For you as a shareholder-focused reader, that means more assets feeding Brookfield’s fee-based model while also increasing exposure to U.S. logistics property and utility-scale solar, areas where peers like Blackstone, KKR and Apollo are also very active.

These deals sit neatly within the existing Brookfield narrative that emphasizes real assets and long-term contracts across real estate, infrastructure and renewables. Steward Creek adds to the renewables pipeline that investors already link to themes such as electrification and power demand from data centers, while Peakstone expands the real estate footprint that underpins recurring fee income and potential cross selling into Brookfield’s broader private markets platform.