Stockbridge Capital Group

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Stockbridge Capital Group
Private
IndustryLand development
FounderTerry Fancher and Sol Raso
Headquarters
Total assets$13 US billion
WebsiteOfficial website

Stockbridge Capital Group is a private-equity real estate investment company based in San Francisco, led by Terry Fancher and Sol Raso. In 2019 the company had over $13 billion in assets under management.

The company owns the Hollywood Park Casino in Inglewood, California and is partners with Kroenke Sports & Entertainment on Los Angeles Stadium at Hollywood Park and it's surrounding development.[1] Stockbridge purchased the property in July 2005 from Churchill Downs Incorporated for $260 million in cash and operated Hollywood Park Racetrack until 2013.[2] Stockbridge also owns more than 200 mobile home parks through Yes! Communities. They have received $1.3 billion in financing from Fannie Mae, which they used to acquire more mobile home parks. In 2016, Stockbridge sold part of Yes! to GIC Private Limited and the Pennsylvania Public School Employees' Retirement System (PSERS).[3][4][5] Stockbridge in addition owns Bay Meadows, a master planned community in San Mateo, California that was formerly the site of Bay Meadows Racetrack. The company owns The Burbank Studios in Burbank, California, formerly NBC's NBC Studios in a joint venture with M. David Paul & Associates. The firm formerly owned 140 New Montgomery known as the Pac Bell Building in San Francisco from 2007 until April 2016.[6][7]

References[edit]

  1. ^ Campbell, Robert (2015). "Text of the Measure - City of Champions Revitalization Project". Champions Initiative. Archived from the original on April 2, 2015. Retrieved June 10, 2015.
  2. ^ "Churchill Downs Incorporated to Sell Hollywood Park to Bay Meadows Land Company; Racing Operations to Continue at Historic Inglewood Racetrack". businesswire.com. Retrieved 10 April 2018.
  3. ^ "A billion-dollar empire made of mobile homes". Washington Post. Retrieved 15 February 2019.
  4. ^ Editorial, Reuters. "GIC among two investors buying 71 percent stake in U.S..." U.S. Retrieved 15 February 2019.
  5. ^ "PSERS Yes Holdings LP" (PDF). psers.pa.gov. Retrieved 15 February 2019.
  6. ^ Haeber, Jonathan M. An Abandoned Skyscraper: The Pac Bell Building. Bearings. Richmond, California: Chronicas Media. Retrieved 2 January 2019.
  7. ^ Li, Roland (15 December 2016). "Developers double their money with $350 million SoMA office sale". San Francisco Business Times. Retrieved 17 December 2018.

External links[edit]