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GID And StepStone Close $985M Industrial Secondary Across Eight Markets

The manager-led secondary covers 8M SF in 87 buildings across eight markets, with GID remaining asset manager in a new joint venture.

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CRE360 Editorial Desk

Editorial Desk

Oct 29, 2026 1 min Share
GID And StepStone Close $985M Industrial Secondary Across Eight Markets
Listen · CRE 360 SignalGID And StepStone Close $985M Industrial Secondary Across Eight Markets
GID Industrial and StepStone Real Estate completed a $985 million manager-led secondary transaction involving approximately 8 million SF in 87 industrial buildings.

A newly formed joint venture acquired the portfolio. GID, which has managed it since 2021, remains asset manager. The eight markets are Atlanta, Charlotte, Chicago, Dallas, San Antonio, Seattle, Portland, Oregon, and Jacksonville, Florida.

Analysis: Management continuity and new capital distinguish the transaction. Its secondary value should not be treated as a fee-simple sale comparable or capitalization rate without asset-level cash flow and ownership terms.

Key Takeaways

  • The $985M manager-led secondary brings new capital to an 8M-SF portfolio while GID remains asset manager. Its headline value alone does not establish a property capitalization rate.

GID Industrial and StepStone Real Estate, issuer announcement, October 2026: $985 million manager-led secondary; approximately 8 million SF in 87 buildings across eight markets; a new joint venture acquired the portfolio and GID remains asset manager after managing it since 2021. https://www.businesswire.com/news/home/20261026068395/en/GID-Industrial-and-StepStone-Real-Estate-Complete-a-Manager-led-Secondary-Transaction-of-8.0-Million-Square-Foot-Industrial-Portfolio · GID, October 27, 2026: portfolio markets include Atlanta, Charlotte, Chicago, Dallas, San Antonio, Seattle, Portland, Oregon, and Jacksonville, Florida. https://gid.com/gid-industrial-and-stepstone-real-estate-complete-a-manager-led-secondary-transaction-of-8-0-million-square-foot-industrial-portfolio/

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