TPG Real Estate has acquired ECHO Realty, a full-service owner and operator of best-in-class, grocery-anchored retail real estate, in a transaction valued at approximately $2 billion. The transaction was led by TPG in partnership with leading global investment groups, including PSP Investments, La Caisse and Norges Bank Investment Management.
ECHO owns and operates approximately 230 retail centers located across key Midwest and Southeast U.S. markets, anchored by grocery and convenience stores with premier tenant relationships, including Giant Eagle, Publix, Harris Teeter Supermarkets, Safeway, ACME Markets, Whole Foods Markets and Alimentation Couche-Tard (GetGo). ECHO’s integrated capabilities span the full retail property lifecycle, from acquisitions and development to leasing and property management. Since inception, the platform has acquired and developed more than 16 million square feet of neighborhood and regional centers, leveraging deep relationships with first-tie
