TPG AG, Redfearn buy 53-warehouse multistate portfolio in $628M deal
A private equity real estate firm and its partners acquired a 53-building industrial portfolio valued at $628 million that spans seven states. TPG AG, Redfearn Capital, Atlanta Property Group and Matterhorn Venture Partners purchased 5.4 million square feet of distribution, logistics and manufacturing facilities across Florida, Georgia, North Carolina, Tennessee, Minnesota, Illinois and Oregon, according to a company press release. A source familiar with the deal said DRA Advisors was the seller. The buyers declined to comment. Redfearn said 75 percent of the properties, which are 87 percent occupied, are in the Southeast, with top markets including Lakeland, Tampa, Atlanta, […]This article originally appeared on The Real Deal. Click here to read the full story.
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