In April of 2021, the Commonwealth Group, a private equity firm based in Los Angeles, bought Blackhall Studios in Atlanta for $120 million. The property is the biggest production studio in Georgia, according to CNBC. It opened just a few years ago and contains 165 acres of land with 850,000 sq. ft. of built-out space and nine sound stages.

In January 2021, private real estate investment firm Hackman Capital Partners and investment manager Square Mile Capital purchased Sony Pictures Animation Campus in Culver City, Calif. for a reported $160 million. The property features 182,176 sq. ft. of class-A office space in three buildings occupied by Sony’s animation department and is located across from the Culver Studios, which are owned by the same partnership.

The Sony Pictures campus acquisition followed an earlier one, in October of 2020, when Hackman Capital and Square Mile bought Silvercup Studios in New York City for approximately $500 million. The independent film and television studio, responsible for the production of such iconic TV shows as The Sopranos and Sex and the City, consists of three campuses located in the Long Island City section of Queens and the Bronx totaling 10.4 acres. According to Variety, it features 23 sound stages, more than 240,000 sq. ft. of office space and 265,000 sq. ft. of production support space.

In June of 2020, funds affiliated with private equity giant Blackstone purchased a 49 percent stake in the Hollywood Media Portfolio, a 2.2-million complex of media facilities in Los Angeles in a deal valued at $1.65 million. Los Angeles-based REIT Hudson Pacific Properties owns the remaining 51 percent property stake and is responsible for the day-to-day operations and leasing of the facilities. The deal includes the rights for the addition of another 1.1 million sq. ft. of space at Sunset Gower and Sunset Las Palmas Studios, which are part of the portfolio. Currently, the studios feature 35 stages and 1.2 million sq. ft. of production and support space.

Finally, in November of this year, Hackman Capital and Square Mile added another studio property to their portfolio—the historic 1-million-sq.-ft. CBS Studio Center in Culver City, Calif. Hackman Capital and Square Mile agreed to buy the property from CBSViacom for $1.85 billion. According to Variety, the 55-acre CBS Studio Center features 22 stages, production offices, third-party tenant offices, a broadcast center and filmable backlot locations. The deal is scheduled to close by year-end.