Seller Details:
Founded in 2003, Stockbridge is a San Francisco-based real estate investment management firm with approximately $17 billion in total assets under management and $27 billion in gross asset value. The firm manages real estate equity investments across the risk spectrum, from open-ended core to value-add, through commingled funds, separate accounts and joint venture partnerships. Stockbridge invests across major real estate property types and select specialty sectors, with an emphasis on residential and industrial properties throughout the U.S. Serving institutional investors, family offices and high-net-worth individuals, the firm has approximately 200 professionals across six U.S. offices in San Francisco, Atlanta, Chicago, Dallas, Denver and Phoenix. Stockbridge is led by senior professionals averaging 25 years of real estate industry experience.
Buyer Details:
EQT is a global investment organization focused on active ownership strategies, with more than three decades of experience developing companies across multiple geographies, sectors and strategies. As of June 30, 2026, EQT had approximately $379 billion in total assets under management, including approximately $207 billion in fee-generating assets under management, across four business segments: Private Capital, Infrastructure, Real Estate and Secondaries. The firm’s investment strategies span all phases of business development, from start-up to maturity. EQT operates in more than 25 countries across Europe, Asia Pacific, the Americas and the Middle East, with over 2,000 employees.
Transaction Summary:
The acquisition of Stockbridge delivers on EQT Real Estate’s strategic priority to evolve into a more diversified and globally scaled real estate platform. The base consideration of $375 million is payable in cash at closing. Additional consideration of up to $175 million, in the form of earnouts, may become payable across 2027 to 2030 subject to set performance targets.
Through this transaction:
- EQT Real Estate will strengthen its position in industrial investments and broaden its reach in high conviction traditional and alternative sectors, including Industrial Outdoor Storage and Alternative Living, creating an even stronger offering for its clients
- Stockbridge also expands EQT Real Estate’s offering in Core strategies, including a top-performing diversified open-ended core fund (the “Smart Markets Fund”), with top 5% performance in its peer group
- Stockbridge is expected to become part of EQT Real Estate, with its diversified and alternative strategies operating as a dedicated business unit and its industrial capabilities brought together with EQT Real Estate’s existing industrial platform
- Stockbridge’s senior management shareholders have committed to reinvest half of their proceeds from the Transaction in EQT AB shares. The shares will be purchased in the market following closing and will be subject to customary lock-up arrangements