Bain Capital Real Estate

Name

Bain Capital Real Estate

Legal name

Bain Capital, LP

Website

https://baincapitalrealestate.com

Company type

Private

Founded year

2010

Operating status

Operating

Ownership category

akta.pro rank

Product category

Private Equity Real Estate Investment

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate / PropTech Growth Equity (FSANACAH)

akta.pro secondary industries

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Private equity real estate
• Value-add investments
• Real estate fund management
• Commercial real estate investing
• Institutional real estate

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management: Bain Capital Real Estate generates revenue through management fees and carried interest from institutional investors who commit capital to their real estate funds (Fund III, etc.). The firm deploys this capital into value-add real estate investments across multiple sectors.
2. Value-Add Real Estate Investments: The firm invests capital from its funds into real estate assets where it can execute value-add strategies to create high-quality stabilized assets and portfolios with consistent success. Returns are generated through asset appreciation, rental income, and eventual sale.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Bain Capital Real Estate is a private equity real estate investment firm that raises capital from institutional limited partners through fund formations and deploys that capital into direct value-add real estate investments across multiple sector-specific platforms. The firm's offerings include the Genesis life sciences platform, Echelon Studios content media platform, Open-Air Retail platform (with 11North Partners), Medical Outpatient Building platform (with Evergreen Medical Properties), Marina platform (with BlueWater Marinas), and FBO aviation services platform (APP Jet Center).

Product overview

Bain Capital Real Estate is a private equity real estate investment firm that operates as a platform of specialized investment verticals rather than a single unified product. The firm manages multiple distinct platforms including the Genesis life science platform, Echelon Studios content media platform, Open-Air Retail platform (with 11North Partners), Medical Outpatient Building platform (with Evergreen Medical Properties), Marina platform (with BlueWater Marinas), and FBO aviation platform (APP Jet Center). Each platform is customer-centric and focused on difficult-to-access sectors at the nexus of emerging economic and demographic trends. The firm applies a value-add plus approach to create high-quality stabilized assets and portfolios, deploying capital across Fund III which raised approximately $3.4 billion.

Differentiator

Problem solved

Functional benefit

Brands

• Echelon Studios: Vertical studio campus for content and entertainment production, including soundstages, creative offices, and production spaces in Hollywood, California.
• Genesis
• GenesisM
• BlueWater Marinas

Products and services

• Bain Capital Real Estate Fund III Flagship private equity real estate fund that invests across value-add strategies in difficult-to-access sectors including open-air retail, medical outpatient buildings, life sciences, urban infill industrial, and other real estate categories with secular demand tailwinds.
• Genesis Life Sciences Real Estate Platform Vertically integrated life science real estate platform offering Class A flexible laboratory space and biomanufacturing facilities in major U.S. life science clusters, established with operating partner Phase 3 Real Estate Partners.
• Echelon Studios Content Media Platform Dedicated content media real estate brand that acquires, renovates, develops, and operates creative office and content production spaces including sound stages for film, television, and digital content production, established with David Simon and BARDAS Investment Group.
• Open-Air Retail Investment Platform (with 11North Partners) Joint venture with 11North Partners focused on investing in high-quality grocery-anchored and necessity-based open-air retail centers throughout the United States and Canada, anchored by tenants such as Walmart, Costco, Trader Joe's, Harris Teeter, and Equinox.
• Medical Outpatient Building Platform (with Evergreen Medical Properties) Partnership with Evergreen Medical Properties focused on acquiring, renovating, and operating mission-critical medical outpatient buildings anchored by leading healthcare providers in select U.S. markets.
• Marina Investment Platform (with BlueWater Marinas) Joint venture with BlueWater Marinas to acquire, develop, and operate coastal marina assets including both dry and wet slips, focused on Class A marina properties in prime markets along the East Coast.
• APP Jet Center FBO Aviation Platform Fixed-base operator platform providing aviation services at high-quality, supply-constrained airports across the United States, including aircraft hangar space and fueling services at locations in South Florida, Washington D.C. region, San Francisco Bay Area, and Denver.
• GenesisM Biomanufacturing Facility Platform Joint venture with Botanic Properties developing biomanufacturing facilities designed to address the need for life sciences manufacturing infrastructure in the Greater Boston region.

Quantifiable outcome

• 93%+ occupancy across open-air retail portfolio
• +4 more outcomes

Named customers9 records

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core, key anchor and minor.

• Evergreen Medical PropertiescoreStrategic or Co-development Partner · 9 April 2026Partnership between Bain Capital and Evergreen Medical Properties focused on acquiring, renovating, and operating mission-critical medical outpatient buildings. The partnership has curated a portfolio of institutional quality medical outpatient buildings in select markets throughout the U.S. and is actively seeking to grow its 2 million square foot footprint. The Evergreen team brings healthcare real estate expertise and collaborative approach to aligning capital and healthcare partners.
• Northside Hospitalkey anchorOthers · 9 April 2026Northside Hospital is the anchor tenant for the medical outpatient building portfolio acquired by Bain Capital and Evergreen Medical Properties in Atlanta. Northside is a leading, award-winning healthcare provider operating five acute-care hospitals and nearly 500 outpatient facilities across 25 counties in the Atlanta MSA. Northside leads the U.S. in newborn deliveries and is among Georgia's top providers of cancer care, sports medicine, cardiovascular and surgical services.
• BlueWater MarinascoreStrategic or Co-development Partner · 13 February 2026Joint venture between Bain Capital Real Estate and BlueWater Marinas to acquire, develop, and operate coastal marina assets including both dry and wet slips. BlueWater Marinas, headquartered in Charleston, South Carolina, was established by former executives of PORT 32 Marinas and Atlantic Marina Holdings. The JV has acquired five marina properties including Bayside Marine in Duxbury, MA and Glyn's Marine on Nantucket, building a portfolio of outstanding marina properties along the East Coast.
• Botanic PropertiescoreStrategic or Co-development Partner · 21 July 2025Joint venture between Bain Capital Real Estate and Botanic Properties called GenesisM, focused on developing biomanufacturing facilities in the Greater Boston region. GenesisM broke ground on a 154,000-square-foot biomanufacturing facility in Bedford, Massachusetts, designed to address the need for life sciences manufacturing infrastructure.
• Realty Trust GroupminorImplementation/ SI/ Consulting Partner · 18 July 2025National healthcare advisory firm that advised Northside Hospital on the sale of medical outpatient buildings to Bain Capital and Evergreen Medical Properties.
• 11North PartnerscoreStrategic or Co-development Partner · 1 April 2024Joint venture between Bain Capital Real Estate and 11North Partners focused on investing in high-quality open-air retail centers throughout the United States and Canada. The platform has deployed nearly $1 billion across 18 assets since launching in April 2024, with access to more than $2 billion of investable equity following a $1.6 billion capital raise. The partnership combines Bain Capital's capital resources and platform expertise with 11North's retail investment and operational expertise.
• BARDAS Investment GroupcoreStrategic or Co-development Partner · 1 January 2019Partnership with BARDAS Investment Group and David Simon to establish Echelon as one of the real estate industry's first dedicated content media brands. BARDAS Investment Group, led by David Simon (creator of The Wire, HBO), is developing the Echelon Studios Hollywood project. Bain Capital Real Estate and BARDAS have collaborated since 2019 to acquire, renovate, develop and operate creative office and content production spaces.
• Phase 3 Real Estate PartnerscoreStrategic or Co-development Partner · 1 January 2013Partnership with Phase 3 Real Estate Partners to create Genesis, a vertically integrated life science real estate platform. The Genesis platform brands high-quality and flexible laboratory space product in the most prominent U.S. life science clusters. Phase 3 serves as the operating partner for the life science platform.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Starwood Capital Group: Starwood Capital is a major PE real estate sponsor operating across multiple opportunistic and value-add funds globally, with deep hospitality and housing expertise. Bain Capital Real Estate's Jared Melnik joined from Starwood, and the firms overlap in sector coverage and deal sourcing.
• KKR Real Estate: KKR's Real Estate platform invests across multiple sectors and geographies using value-add and opportunistic strategies, very similar to Bain Capital Real Estate's approach. Both firms leverage a broader alternatives platform (KKR & Bain Capital) for capital formation and sourcing.
• Bridge Investment Group: Bridge Investment Group operates sector-specialized real estate strategies across multifamily, seniors housing, office, and debt. Its vertical specialization and dedicated operating partner model are structurally similar to Bain Capital Real Estate's branded platform approach (Genesis, Echelon, etc.).
• Carlyle Real Estate: Carlyle's U.S. real estate platform pursues value-add investments across multiple property types with strong institutional LP backing. Several Bain Capital Real Estate senior leaders (including Dan Cummings) previously worked at Carlyle, and the firms compete for similar core-plus and value-add opportunities.
• TPG Real Estate: TPG Real Estate Partners invests in value-add and opportunistic real estate across the U.S., Europe, and Asia, with thematic sector specialization similar to Bain Capital Real Estate. Both firms are alternatives-platform-affiliated, mid-to-large-cap PE real estate managers pursuing differentiated sector theses.
• Harrison Street Capital: Harrison Street is a thematic alternative real estate investor focused on difficult-to-access sectors including education, healthcare, life sciences, and data centers. Its niche-sector thesis closely mirrors Bain Capital Real Estate's 'difficult-to-access sectors' positioning.
• Ares Real Estate Group: Ares Real Estate Group manages opportunistic and value-add real estate funds alongside its broader credit and equity platform. Several Bain Capital Real Estate team members came from Ares/Landmark Partners, and the firms compete for institutional capital in PE real estate.
• Apollo Real Estate (Hybrid Value): Apollo's real estate platform pursues value-add and opportunistic investments using Apollo's broader credit and equity capabilities. Bain Capital Real Estate's Chris Leddy previously worked at Apollo, and the firms compete for institutional capital in the PE real estate space.

Broad incumbents

• Blackstone Real Estate: Blackstone is the world's largest private equity real estate investor with multi-hundred-billion AUM across BREIT, BREP, and debt strategies. It competes with Bain Capital Real Estate in value-add and opportunistic real estate while operating at far greater scale across all major sectors including logistics, multifamily, office, and life sciences.
• Brookfield Real Estate: Brookfield's Real Estate business is a major global PE-style real estate investor with deep exposure to office, retail, multifamily, logistics, and hospitality. It is a direct competitor for institutional capital and core-plus/value-add real estate opportunities, operating at meaningfully larger scale than Bain Capital Real Estate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/BainCapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bain Capital Real Estate