Law360: Alterra, JP Morgan JV Sells Property Portfolio In US$490M Deal
November 5, 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.
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