NEW YORK CITY — StepStone Group Real Estate, a real estate investment firm, has entered into an agreement to acquire Cleveland, Ohio-based Courtland Partners, a real estate advisors group. The transaction is expected to close by the end of March, subject to customary closing conditions. Following the integration of Courtland, StepStone Real Estate (SRE) will be among the world’s largest and most active real estate solutions providers, managing approximately $100 billion of capital allocations from institutional investors, including more than $2 billion of assets under management and deploying over $10 billion per year to real estate investments through primary fund investments, co-investments, secondaries and recapitalizations. The combined real estate group will have more than 50 professionals working from offices in the United States, Europe and Asia. SRE is part of StepStone Group, a global private markets firm providing customized investment, portfolio monitoring and advisory solutions. StepStone is a global firm with 15 offices in 11 countries around the world, including New York City; Beijing; Dublin, Ireland; Hong Kong; La Jolla, Calif.; London; Luxembourg; Perth; San Francisco; Sao Paulo, Brazil; Seoul, South Korea; Sydney, Australia; Tokyo; Toronto; and Zurich, Switzerland.
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