Provender Partners Recapitalizes One Million-Square-Foot Cold Storage Portfolio with StepStone Real Estate

Recap seeds investment program to acquire and develop food-related assets throughout the United States. Provender Partners (Provender) and StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP) have completed a $158 million secondary and recapitalization of a one-million-square-foot cold storage portfolio with assets in the high-growth industrial markets of Oakland, CA; Las Vegas, NV; Berkeley, IL; Bolingbrook, IL; and Birmingham, AL. Provender acquired the properties over the last three years in a joint venture with a global investment management firm that recently sold its interests to SRE on a secondary […]