GID Industrial and StepStone Real Estate Complete a Manager-led Secondary Transaction of 8.0 Million-Square-Foot Industrial Portfolio
StepStone Real Estate, the real estate arm of StepStone Group (Nasdaq: STEP), closed a $985 million manager-led secondary transaction with GID covering an 8.0 million-square-foot industrial portfolio. The new joint venture spans 87 buildings across eight U.S. markets including Atlanta, Chicago, Dallas, and Seattle, with GID continuing as asset manager after running the portfolio since 2021.
Key figures
- Deal Value Usd
- 985000000
- Gid aum
- $33.3 billion
- Step aum
- $245 billion
- Us markets
- 8
- Building count
- 87
- Portfolio sqft
- 8.0 million
- Step total capital
- $913 billion
AI analysis
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