The Stonelake Story
2007
Kenneth Aboussie, Jr. and John Kiltz shake hands on November 7, 2007, marking their decision to start a real estate firm together. This momentous meeting took place on Stonelake Blvd. in North Austin.
2008
Stonelake forms a partnership with Merrill Lynch, but due to economic headwinds and new banking regulation, the partnership had to be terminated before capital was deployed. The breakup fee provided Stonelake the opportunity to become a fund manager.
2009
- Stonelake Opportunity Partners I formed.
- Kenneth Aboussie, Jr. moves to Dallas to open Stonelake’s second office and build-out a team in Dallas.
2011
- Stonelake Opportunity Partners II formed.
- IBM building in The Domain acquired.
2012
- Stonelake Opportunity Partners II closed with total capital commitments of $118M.
- Stonelake Opportunity Partners III formed.
- Houston office launched.
2014
- Groves | South Lamar land acquired.
- Trinity Green land acquired.
- Stonelake Opportunity Partners III held its final closing with total capital commitments of $176M.
2015
- Stonelake Opportunity Partners IV formed.
- The Ivy groundbreaking.
2016
- Trailhead land acquired.
- Stonelake Opportunity Partners IV held its final closing with total capital commitments of $262M.
2017
- Stonelake Opportunity Partners V formed.
- Project Texas begins to be assembled.
- Flatiron groundbreaking.
2018
- 200 Park Place begins construction.
- Groves | South Lamar sold to the world’s 2nd largest reinsurer.
- Stonelake Opportunity Partners V held its final closing with total capital commitments of $326M.
2019
- Domain Tower sold.
- The Austin | Trinity Green sold.
- Alta Trinity Green sold.
2020
- Stonelake Opportunity Partners VI formed.
- Stonelake expands to Atlanta and Florida.
- West 10 land acquired.
- 415 Colorado land acquired.
2021
- Stonelake expands to Phoenix and Nashville.
- Stonelake Industrial, Stonelake’s first open-ended, perpetual fund, is formed.
- Stonelake Opportunity Partners VI held its final closing with total capital commitments of $555M.
2022
- Stonelake Opportunity Partners VII formed.
- 200 Park Place sold to Hines for a record breaking price per square foot.
2023
- Stonelake Opportunity Partners VII held its final closing with total capital commitments of $746M.