Company type | Private |
---|---|
Industry | Land development, Private Equity Real Estate |
Founder | Terry Fancher and Sol Raso |
Headquarters | |
Total assets | $33.1 US billion |
Website | Official website |
Stockbridge Capital Group is a private-equity real estate investment company based in San Francisco, led by Terry Fancher and Sol Raso. Currently, the company has over $33 billion in assets under management.
The company owns the Hollywood Park Casino in Inglewood, California and is partners with Kroenke Sports & Entertainment on SoFi Stadium and its surrounding development dubbed as Hollywood Park. [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 manufactured home communities through Yes! Communities. They have received $1.3 billion in financing from Fannie Mae, which they used to acquire more manufactured homes. 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 formerly owned The Burbank Studios in Burbank, California, formerly NBC's NBC Studios in a joint venture with M. David Paul & Associates from 2014 until late 2023.
The firm formerly owned 140 New Montgomery known as the Pac Bell Building in San Francisco from 2007 until April 2016. [6] [7] It also formerly owned the SLS Las Vegas from October 2015 until April 2018. [8]
In October 2019, Stockbridge Capital Group planned to raise up to $500 m (€453.5 m) for a new US real estate fund with value added. [9]
In November 2019, Stockbridge Capital Group purchased a US commercial estate of 8.7 million sqft from Hillwood Development Company for $800 million (€725.1 m). [10]
In June 2020, David Egan joined as senior vice president of Stockbridge Capital Group. [11]
Hollywood Burbank Airport, legally and formerly marketed as Bob Hope Airport after entertainer Bob Hope, is a public airport three miles (4.8 km) northwest of downtown Burbank, in Los Angeles County, California, United States. The airport serves Burbank, Hollywood, and the northern Greater Los Angeles area, which includes Glendale, Pasadena, the San Fernando Valley and the Santa Clarita Valley. It is closer to many popular attractions, including Griffith Park, Universal Studios Hollywood, and Downtown Los Angeles, than Los Angeles International Airport (LAX), and it is the only airport in the area with a direct rail connection to Downtown Los Angeles, with service from two stations: Burbank Airport–North and Burbank Airport–South. Nonstop flights mostly serve cities in the western United States, though JetBlue has daily flights to New York City. Southwest also occasionally flies non regular routes to the East Coast.
Temasek Holdings (Private) Limited, or simply Temasek, is a global investment company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek has a net portfolio of US$287 billion as of 2023, with S$27 billion divested and S$31 billion invested during the year.
Harrah's Entertainment was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gambling company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment.
Hollywood Park was a thoroughbred race course located in Inglewood, California, about 3 miles (5 km) from Los Angeles International Airport and adjacent to the Forum indoor arena. In 1994, the original Hollywood Park Casino was added to the racetrack complex. Horse racing and training were shut down in December 2013 though the casino operations continued until a new state of the art casino building, the new Hollywood Park Casino, opened in October 2016.
Sahara Las Vegas is a hotel and casino located on the Las Vegas Strip in Winchester, Nevada. It is owned and operated by the Meruelo Group. The hotel has 1,616 rooms, and the casino contains 50,662 square feet (4,706.7 m2). The Sahara anchors the northern end of the Las Vegas Strip, at the corner of Sahara Avenue. It is the site of the northernmost station of the Las Vegas Monorail.
DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has key offices in Los Angeles, New York, London, and Singapore.
Pinnacle Entertainment, Inc. was an American gambling and hospitality company. It was acquired by Penn National Gaming in 2018. At the time of acquisition, it operated sixteen casino properties, located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Pennsylvania, and Ohio, and a horse track in Texas.
GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves. Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, of which "GIC" is derived from as an acronym, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above global inflation over the investment time horizon of 20 years.
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also offers sports betting in 15 jurisdictions and online casino gaming in 5, under brands such as ESPN BET and theScore.
Cannery Casino Resorts was a hotel and casino operator based in Spring Valley, Nevada. It was acquired by Boyd Gaming in 2016.
Mirae Asset Securities Co., Ltd. is the largest investment banking and stock brokerage company by market capitalization in South Korea. Mirae Asset Securities has been merged with Daewoo Securities as the end of December 2016.
Alex Meruelo is a Cuban-American billionaire who holds business interests in banking, real estate, media, restaurants, food, casinos, and professional sports. He is the owner of Meruelo Group, as well as Meruelo Media, which owns five radio stations and two television stations in Los Angeles. In addition he is the owner of Fuji Food, two casinos, the Grand Sierra Resort in Reno, Nevada and the Sahara Las Vegas in Las Vegas and is the majority owner of the Arizona Coyotes of the National Hockey League.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 57 casino properties, all of which are leased to other companies.
Scentre GroupLimited is a shopping centre company with retail destinations operating under the Westfield brand in Australia and New Zealand. The corporation undertakes ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities for its centres. The group was created in June 2014 when the Westfield Group separated its American and European businesses from its operations in Australia and New Zealand. The company is listed on the Australian Securities Exchange and had a shopping centre portfolio that includes investment interests in 42 shopping centres across Australia and New Zealand in 2019, encompassing around 12,544 retail outlets and total assets under management in excess of A$39.4 billion in 2015.
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020.
SoFi Stadium is a 70,240-seat sports and entertainment indoor-outdoor stadium in the Los Angeles suburb of Inglewood, California, United States. SoFi occupies the former site of the Hollywood Park Racetrack, 0.15 miles (0.24 km) southeast of Kia Forum and 0.2 miles (0.32 km) northwest of Intuit Dome, and 3 miles (4.8 km) from Los Angeles International Airport.
Hollywood Park Casino is a casino and sports bar in Inglewood, California, adjacent to SoFi Stadium. Originally part of the Hollywood Park Racetrack, the casino moved to a new building in 2016 after the closure and demolition of the racetrack in 2013.
Vici Properties Inc. is a real estate investment trust (REIT) specializing in casino and entertainment properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns 54 casinos, hotels, and racetracks, 4 golf courses, and 38 bowling alleys around the United States and Canada.
GLP is a global real estate logistics provider and investment manager based in Singapore. The company’s warehouses serve logistics service providers, manufacturers, retailers and e-commerce companies such as Amazon and JD.com.
Supermarket Income REIT is a property company which invests in retail property and holds a large portfolio of supermarkets. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.