PERE’s Next Contenders 2025: Asset Managers Ramping Up in Real Estate
In February, Phill Solomond, Senior Managing Director and Head of Real Estate at Stonepeak, was interviewed by PERE for its podcast and latest cover story on asset managers making waves in real estate.
In the interview, Phill talked about Stonepeak’s expansion from infrastructure into real estate, as well as the inherent overlap between the two asset classes. “It was a very natural adjacency and a natural path of growth to get into the real estate business,” he said. “We really saw a significant opportunity to bring an infrastructure skill set to the real estate market.”
Phill also discussed the growth of Stonepeak’s real estate business, which launched in 2020, and some of its key achievements to date. Last year in particular was a year of significant activity for the team, which acquired 20 logistics assets totaling 7 million square feet from Chicago to Jacksonville in 2024. Learn more about our approach to real estate investing here.