TPG’s TPG AG U.S. Real Estate platform has acquired a 53-building industrial portfolio for $628 million in a transaction sourced and led by Redfearn Capital.
The portfolio comprises approximately 5.4 million square feet of distribution, logistics and manufacturing facilities across Florida, Georgia, Illinois, Minnesota, North Carolina, Oregon and Tennessee. Approximately 75 percent of the assets are concentrated in the Southeast, with properties located in major industrial markets such as Atlanta; Charlotte, N.C.; Lakeland and Tampa, Fla.; and Raleigh, N.C. The portfolio is currently 87 percent occupied and benefits from a broad tenant base.
TPG AG acquired the portfolio alongside operating partners Redfearn, Atlanta Property Group and Matterhorn Venture Partners, building on TPG AG’s existing partnership with each firm. The firms will jointly manage the Portfolio with each operating partner contributing deep local expertise
