GID Industrial and StepStone Real Estate Complete a Manager-led Secondary Transaction of 8.0 Million-Square-Foot Industrial Portfolio
Business Wire•26/10/2026•14:51 ET
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Key Highlights
- ➤$985 million secondary closes for 8.0 million-square-foot industrial portfolio
- ➤87-building portfolio spans eight major U.S. industrial markets
- ➤GID continues managing portfolio for new StepStone joint venture
- ➤StepStone Real Estate gains exposure to diversified infill industrial assets
Expert Statements
Rene Circ, President, GID Industrial
“This Manager-led secondary transaction represents a tremendous opportunity for us to invest in a diversified light industrial portfolio at an attractive basis and establish a new partnership with StepStone”
John Waters, Partner and Global Co-Head of Investments, StepStone Real Estate
“We have been focused on building exposure to infill industrial assets, where structural supply constraints continue to support fundamentals.”
John Waters, Partner and Global Co-Head of Investments, StepStone Real Estate
“GID’s familiarity with and demonstrated track record managing these assets were important factors in our decision to partner together, and we look forward to supporting the next stage of value creation through this transaction”
GID Industrial and StepStone Real Estate Complete a Manager-led Secondary Transaction of 8.0 Million-Square-Foot Industrial Portfolio
New joint venture completes Manager-led secondary transaction of an 87-building portfolio across eight U.S. industrial markets
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