Berkshire Companies Limited Partnership history

Not until the Tax Reform Act of 1986 began to change the nature of real estate investment did REITs begin to gain widespread usage.

Sterling Jewelry, one of the fastest-growing jewelry chains in the United States, became Berkshire’s first IPO in 1987.

In November 1990 the Krupps announced their intention to "roll up," or combine, the four Cash Plus partnerships into a publicly traded real estate investment firm (REIT), Berkshire Realty Company, which had been formed in April 1990.

In the end, in June 1991, investors in only two of the partnerships agreed to the proposal.

Management now decided to sell off its retail portfolio and reinvest the proceeds in the development of apartment communities. As a result of Berkshire's strategy, the REIT saw revenues improve to more than $70 million in 1995 while posting a $14.8 million net profit.

In 1997 Berkshire lost an additional $8.4 million as it continued adjustments to its portfolio.

As reported by the Boston Globe in March 1999: "Just this week, as the bidding process seemed to be winding up, Krupp dropped one new item into the public record: His offer was contingent on Berkshire Realty showing that certain services provided to apartment tenants did violate REIT laws.

In 2007, Stockbridge Investors was formed to take advantage of the firm’s insights and apply them to investing in the public markets.

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In 2021, Berkshire Private Equity raised its tenth fund, now managing more than $20 billion of capital commitments and the evergreen Stockbridge fund.