Boehly’s Eldridge Acre Seeks to Bet $3 Billion on US Real Estate

Todd Boehly’s Eldridge Industries formed a venture with AECOM Capital executives to bet on US commercial real estate.

Todd Boehly, chief executive officer of Eldridge Industries.

Photographer: Kyle Grillot/Bloomberg

Boehly’s firm is the majority owner of Eldridge Acre Partners, which anticipates investing about $3 billion across multiple strategies in the next five years, according to people with knowledge of the matter. EAP will manage existing AECOM Capital assets and vehicles, which total more than $1 billion.

“Investments made during times of distress like the one we’re currently experiencing tend to outperform, and we’re in position to capitalize on some of the distress,” EAP Chief Executive Officer Warren Wachsberger said ...