Transactions reported this week included the sale of a U.S. multi-market light industrial portfolio.
Ivanhoé Cambridge has completed the acquisition of Evergreen Industrial Properties from TPG Real Estate. Financial terms of the transaction were not disclosed; however, other media outlets estimated the price to be $1 billion.
Evergreen is a U.S. light industrial real estate specialist that owns and operates a portfolio totaling 16 million square feet and spanning across 150 properties in 18 major markets.
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