Phill Solomond Expands Stonepeak's Real Estate Venture
People | Feb 14, 2025 | Stonepeak
Stonepeak, under the leadership of Phill Solomond, is experiencing a significant transition moving from infrastructure to real estate. In an interview with PERE, Solomond highlighted how the natural adjacency between infrastructure and real estate was a critical factor in Stonepeak's strategy to enter this new market. Having launched its real estate division in 2020, Stonepeak made considerable strides, notably acquiring 20 logistics assets totaling 7 million square feet in a single year. Solomond believes their infrastructure expertise provides Stonepeak with a unique starting point in the competitive real estate arena, positioning them to leverage existing skills in a new domain.
Sectors
- Real Estate
- Infrastructure
Geography
- United States – Stonepeak's recent real estate acquisitions are based in the U.S., specifically in locations from Chicago to Jacksonville.
Industry
- Real Estate – The article focuses on Stonepeak's venture into the real estate industry, highlighting its expansion strategy and recent acquisitions.
- Infrastructure – Stonepeak traditionally deals in infrastructure, and the article discusses its transition and overlap with the real estate sector.
Financials
- 20 logistics assets, 7 million square feet – Significant real estate acquisitions by Stonepeak in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Phill Solomond | Main Speaker | Person | Senior Managing Director and Head of Real Estate at Stonepeak. |
| Stonepeak | Private Equity Firm | Company | An investment firm expanding from infrastructure into real estate. |
| PERE | Media Outlet | Company | Platform hosting the podcast where Phill Solomond was interviewed. |