XML 55 R25.htm IDEA: XBRL DOCUMENT v3.24.0.1

Schedule III - Real Estate Assets and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate Assets and Accumulated Depreciation and Amortization

PEAKSTONE REALTY TRUST

SCHEDULE III

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION

(Dollars in thousands)

																								Initial Cost to Company (1)												Total Adjustment to Basis (2)						Gross Carrying Amount at December 31, 2023																																				Life on which depreciation in latest income statement is computed
Property						Property Type						State						Encumbrances (4)						Land						Building and Improvements						Building and Improvements						Land (3)						Building and Improvements (2)						Total						Accumulated Depreciation and Amortization						Date of Construction						Date of Acquisition
Industrial
Hopkins						Industrial						KS						$	—					$	274					$	7,567					$	963					$	274					$	8,530					$	8,804					$	3,667					N/A						8/27/2010						5-40 years
TransDigm						Industrial						NJ						—						3,773						9,030						411						3,773						9,441						13,214						3,694						N/A						5/31/2012						5-40 years
Berry Global						Industrial						IL						—						2,674						13,229						1,901						2,674						15,130						17,804						5,539						N/A						11/8/2012						5-40 years
Amazon - Arlington Heights						Industrial						IL												7,697						21,843						5,879						7,697						27,722						35,419						10,236						N/A						8/13/2013						5-40 years
Roush Industries						Industrial						MI						—						875						11,375						2,632						875						14,007						14,882						4,983						N/A						11/5/2013						5-40 years
Samsonite						Industrial						FL						—						5,040						42,490						268						5,040						42,758						47,798						12,283						N/A						12/11/2015						5-40 years
RH						Industrial						CA						—						15,463						36,613						37,692						15,463						74,305						89,768						28,707						N/A						1/14/2016						5-40 years
PepsiCo						Industrial						FL						—						5,433						55,341						181						5,433						55,522						60,955						9,866						N/A						3/13/2018						5-40 years
Shaw Industries						Industrial						GA						—						5,465						57,116						—						5,465						57,116						62,581						10,063						N/A						5/3/2018						5-40 years
Huntington Ingalls						Industrial						VA						—						3,100						15,903						116						3,100						16,019						19,119						3,781						N/A						5/1/2019						5-40 years
Huntington Ingalls						Industrial						VA						—						3,113						15,968						95						3,113						16,063						19,176						3,797						N/A						5/1/2019						5-40 years
OceanX						Industrial						OH						—						978						16,705						—						978						16,705						17,683						4,560						N/A						5/1/2019						5-40 years
Atlas Copco						Industrial						MI						—						1,156						19,802						—						1,156						19,802						20,958						4,829						N/A						5/1/2019						5-40 years
ZF Wabco						Industrial						SC						—						1,226						14,662						279						1,226						14,941						16,167						2,476						N/A						5/1/2019						5-40 years
3M						Industrial						IL						250,000			'(6)			5,802						82,148						(1)						5,802						82,147						87,949						12,254						N/A						5/1/2019						5-40 years
Amazon - Etna						Industrial						OH						—			'(6)			4,773						107,021						—						4,773						107,021						111,794						18,987						N/A						5/1/2019						5-40 years
Pepsi Bottling Ventures						Industrial						NC						17,439						3,407						32,737						—						3,407						32,737						36,144						4,478						N/A						2/5/2020						5-40 years
Fidelity Building Services						Industrial						MD						—						1,662						11,181						—						1,662						11,181						12,843						1,197						N/A						3/1/2021						5-40 years
Amcor						Industrial						OH						—						4,962						43,717						—						4,962						43,717						48,679						6,956						N/A						3/1/2021						5-40 years
Total Industrial																		$	267,439					$	76,873					$	614,448					$	50,416					$	76,873					$	664,864					$	741,737					$	152,353
Office
AT&T (14500 NE 87th Street)						Office						WA						$	—					$	2,607					$	12,483					$	953					$	2,607					$	13,436					$	16,043					$	5,138					N/A						1/31/2012						5-40 years

																								Initial Cost to Company (1)												Total Adjustment to Basis (2)						Gross Carrying Amount at December 31, 2023																																				Life on which depreciation in latest income statement is computed
Property						Property Type						State						Encumbrances (4)						Land						Building and Improvements						Building and Improvements						Land (3)						Building and Improvements (2)						Total						Accumulated Depreciation and Amortization						Date of Construction						Date of Acquisition
AT&T (14520 NE 87th Street)						Office						WA						—						2,599						12,448						615						2,599						13,063						15,662						6,493						N/A						1/31/2012						5-40 years
AT&T (14560 NE 87th Street)						Office						WA						—						1,564						7,490						776						1,564						8,266						9,830						2,436						N/A						1/31/2012						5-40 years
PPG						Office						PA						—						2,650						26,745						54						2,650						26,799						29,449						11,204						N/A						3/22/2012						5-40 years
York Space Systems (East Village)						Office						CO						—						2,600						13,500						11,191						2,600						24,691						27,291						9,697						N/A						6/29/2012						5-40 years
Maxar Technologies						Office						CO						—						8,600						83,400						—						8,600						83,400						92,000						31,897						N/A						1/14/2014						5-40 years
Spectrum						Office						FL						—						1,000						16,772						—						1,000						16,772						17,772						7,072						N/A						6/25/2014						5-40 years
Amentum (Heritage II)						Office						TX						—						1,955						15,540						(3,438)						649						12,102						12,751						3,672						N/A						12/11/2015						5-40 years
530 Great Circle Road						Office						TN						—						4,724						18,281						6,169						4,724						24,450						29,174						5,729						N/A						4/27/2016						5-40 years
Cigna (500 Great Circle Road)						Office						TN						—						3,402						13,166						404						3,402						13,570						16,972						4,322						N/A						4/27/2016						5-40 years
LPL (1055 & 1060 LPL Way)						Office						SC						—						4,612						86,352						—						4,612						86,352						90,964						15,412						N/A						11/30/2017						5-40 years
LPL (1040 LPL Way)						Office						SC						—						1,273						41,509						—						1,273						41,509						42,782						7,407						N/A						11/30/2017						5-40 years
McKesson (5601 N. Pima Road)						Office						AZ						—						159						35,490						1,362						159						36,852						37,011						13,206						N/A						4/10/2018						5-40 years
OnSemi (5701 N. Pima Road)						Office						AZ						—						153						34,270						6,253						153						40,523						40,676						12,939						N/A						4/10/2018						5-40 years
Travel & Leisure, Co.						Office						NJ						—						9,677						73,058						—						9,677						73,058						82,735						15,855						N/A						5/1/2019						5-40 years
Rapiscan Systems						Office						MA						—						2,006						10,755						40						2,006						10,795						12,801						2,834						N/A						5/1/2019						5-40 years
Toshiba TEC						Office						NC						—						1,916						38,796						(1)						1,916						38,795						40,711						9,065						N/A						5/1/2019						5-40 years
IGT						Office						NV						—			'(6)			5,673						69,631						—						5,673						69,631						75,304						12,571						N/A						5/1/2019						5-40 years
Zoetis						Office						NJ						—						3,718						44,817						—						3,718						44,817						48,535						9,126						N/A						5/1/2019						5-40 years
Southern Company						Office						AL						—			'(6)			7,794						159,181						—						7,794						159,181						166,975						21,270						N/A						5/1/2019						5-40 years
MISO						Office						IN						—						3,725						26,820						1						3,725						26,821						30,546						5,792						N/A						5/1/2019						5-40 years
Mckesson (5801 N. Pima Road)						Office						AZ						—						—						41,640						68						—						41,708						41,708						9,479						N/A						9/20/2019						5-40 years
Freeport McMoRan						Office						AZ						—						4,264						120,686						(79,513)						1,453						41,173						42,626						6,002						N/A						3/1/2021						5-40 years
Avnet (Phoenix)						Office						AZ						—						5,394						32,883						—						5,394						32,883						38,277						7,073						N/A						3/1/2021						5-40 years
Terraces at Copley Point						Office						CA						—						23,897						88,625						55						23,897						88,680						112,577						14,529						N/A						3/1/2021						5-40 years
Occidental Petroleum						Office						CO						—						6,841						26,496						—						6,841						26,496						33,337						3,579						N/A						3/1/2021						5-40 years

																								Initial Cost to Company (1)												Total Adjustment to Basis (2)						Gross Carrying Amount at December 31, 2023																																				Life on which depreciation in latest income statement is computed
Property						Property Type						State						Encumbrances (4)						Land						Building and Improvements						Building and Improvements						Land (3)						Building and Improvements (2)						Total						Accumulated Depreciation and Amortization						Date of Construction						Date of Acquisition
Keurig Dr. Pepper (63 South Ave)						Office						MA						—						5,111						49,276						(4,409)						4,646						44,867						49,513						5,198						N/A						3/1/2021						5-40 years
Keurig Dr. Pepper (53 South Ave)						Office						MA						—						3,262						169,861						(51,809)						2,264						118,052						120,316						12,178						N/A						3/1/2021						5-40 years
40 Wright						Office						MD						—						2,873						51,679						(22,715)						1,565						28,964						30,529						2,905						N/A						3/1/2021						5-40 years
136 Capcom						Office						NC						—						887						5,176						—						887						5,176						6,063						1,071						N/A						3/1/2021						5-40 years
204 Capcom						Office												—						915						5,343						—						915						5,343						6,258						1,106						N/A						3/1/2021						5-40 years
Cigna (Express Scripts)						Office						PA						—						4,725						20,836						(15,164)						905						5,672						6,577						1,037						N/A						3/1/2021						5-40 years
International Paper						Office						TN						—						1,376						77,536						—						1,376						77,536						78,912						8,354						N/A						3/1/2021						5-40 years
Tech Data Corp.						Office						TX						—						3,138						13,659						(10,885)						508						2,774						3,282						488						N/A						3/1/2021						5-40 years
Total Office																		$	—					$	135,090					$	1,544,200					$	(159,993)					$	121,752					$	1,384,207					$	1,505,959					$	286,136
Other
Northrop Grumman						Other						OH						$	92,444		'(7)			$	1,300					$	16,188					$	619					$	1,300					$	16,807					$	18,107					$	8,322					N/A						11/13/2012						5-40 years
Raytheon Technologies						Other						NC						—			'(7)			1,330						37,858						—						1,330						37,858						39,188						16,003						N/A						5/3/2013						5-40 years
Avnet (Chandler)						Other						AZ						—			'(7)			1,860						31,481						47						1,860						31,528						33,388						10,241						N/A						5/29/2013						5-40years
30 Independence						Other						NJ						—			'(7)			5,300						36,768						(11,037)						1,720						25,731						27,451						10,229						N/A						10/3/2013						5-40 years
Wyndham Hotels & Resorts						Other						NJ						119,953			'(8)			6,200						91,153						2,494						6,200						93,647						99,847						28,807						N/A						4/23/2014						5-40 years
Crosspoint						Other						AZ						—						15,000						45,893						(26,474)						4,210						19,419						23,629						6,693						N/A						5/22/2014						5-40years
Level 3 (ParkRidge One)						Other						CO						—						10,554						35,817						(18,023)						4,753						17,794						22,547						7,854						N/A						8/1/2014						5-40 years
Franklin Center						Other						MD						—						6,989						46,875						(36,567)						1,320						10,308						11,628						3,273						N/A						6/10/2015						5- 40 years
Owens Corning						Other						NC						—			'(8)			867						4,972						547						867						5,519						6,386						1,480						N/A						5/1/2019						5-40 years
Wood Group (Westgate II)						Other						TX						—			'(8)			7,716						49,292						(39,189)						1,471						10,103						11,574						2,961						N/A						5/1/2019						5-40 years
Administrative Office of Pennsylvania Courts						Other						PA						—			'(8)			1,246						10,125						283						1,246						10,408						11,654						2,817						N/A						5/1/2019						5-40 years
MGM Corporate Center (840 Grier Drive)						Other						NV						—			'(8)			1,634						9,558						818						1,634						10,376						12,010						2,987						N/A						5/1/2019						5-40 years
MGM Corporate Center (880 Grier Drive)						Other						NV						—			'(8)			2,188						12,771						326						2,188						13,097						15,285						3,719						N/A						5/1/2019						5-40 years
MGM Corporate Center (950 Grier Drive)						Other						NV						—			'(8)			723						4,220						146						723						4,366						5,089						1,299						N/A						5/1/2019						5-40years
Hitachi Astemo						Other						OH						—			'(8)			1,214						18,965						57						1,214						19,022						20,236						4,440						N/A						5/1/2019						5-40 years

																								Initial Cost to Company (1)												Total Adjustment to Basis (2)						Gross Carrying Amount at December 31, 2023																																				Life on which depreciation in latest income statement is computed
Property						Property Type						State						Encumbrances (4)						Land						Building and Improvements						Building and Improvements						Land (3)						Building and Improvements (2)						Total						Accumulated Depreciation and Amortization						Date of Construction						Date of Acquisition
345 Bob Heath Drive						Other						AL						—						5,007						24,821						(20,939)						514						3,882						4,396						938						N/A						3/1/2021						5-40 years
Total Other																		$	212,397					$	69,128					$	476,757					$	(146,892)					$	32,550					$	329,865					$	362,415					$	112,063
Total Portfolio(5)																		$	479,836					$	281,091					$	2,635,405					$	(256,469)					$	231,175					$	2,378,936					$	2,610,111					$	550,552
Real estate assets held for sale
Hitachi Energy USA						Other						MO						$	11,709					$	5,637					$	25,280					$	—					$	5,637					$	25,280					$	30,917					$	9,973					N/A						11/6/2015
Corteva Agriscience						Office						IA						—						6,412						40,923						(12,005)						4,454						28,918						33,372						4,663						N/A						3/1/2021
Total held for sale																		$	11,709					$	12,049					$	66,203					$	(12,005)					$	10,091					$	54,198					$	64,289					$	14,636

(1)Building and improvements include tenant origination and absorption costs.

(2)Consists of capital expenditure, real estate development costs, and impairment charges to building and improvements.

(3)Consists of impairment charges to land.

(4)Amounts do not include unamortized deferred financing costs and discounts, net.

(5)For federal income tax purposes, the aggregate cost of real estate the Company and consolidated subsidiaries owned was approximately $2.8 billion as of December 31, 2023.

(6)These properties secure the BOA II Loan.

(7)These properties secure the AIG Loan.

(8)These properties secure the AIG II Loan.

			Activity for the Year Ended December 31,
			2023						2022						2021
Real estate facilities
Balance at beginning of year			$	3,497,256					$	5,570,160					$	4,310,302
Acquisitions			—						—						1,289,296
Construction costs and improvements			17,412						8,607						29,042
Other adjustments			(11)						(129)						(2,976)
Write down of tenant origination and absorption costs			—						—						(422)
Impairment provision			(516,671)						(178,414)						(4,242)
Sale of real estate assets			(323,586)						(1,876,066)						(50,840)
Real estate assets held for sale			(64,289)						(26,902)						—
Balance at end of year			$	2,610,111					$	3,497,256					$	5,570,160
Accumulated depreciation
Balance at beginning of year			$	644,639					$	993,323					$	817,773
Depreciation and amortization expense			110,578						186,350						209,638
Write down of tenant origination and absorption costs			—						—						(422)
Impairment provision			(107,160)						(50,838)						—
Other adjustments			(21)						(47)						—
Less: Non-real estate assets depreciation expense			—						—						(5,860)
Less: Sale of real estate assets depreciation expense			(82,848)						(476,655)						(27,806)
Less: Real estate assets held for sale			(14,636)						(7,494)						—
Balance at end of year			$	550,552					$	644,639					$	993,323
Real estate facilities, net			$	2,059,559					$	2,852,617					$	4,576,837

X

- References

No definition available.

+ Details

Name:	srt_RealEstateAndAccumulatedDepreciationDisclosureAbstract
Namespace Prefix:	srt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 28
-Publisher SEC

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 970
-SubTopic 360
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-28)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479438/970-360-S99-1

+ Details

Name:	srt_RealEstateAndAccumulatedDepreciationDisclosureTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration