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September 1, 2016 Comments Off on TPG to Shed 16M-SF Industrial Portfolio, Could Attract $1.1B Views: 2229 Dallas-Fort Worth, National News, Southwest, Texas, Texas News

TPG to Shed 16M-SF Industrial Portfolio, Could Attract $1.1B

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TPG, headquartered in Fort Worth Texas, has placed its 150-asset industrial real estate business on the market. Operating under the name Evergreen Industrial Properties, the 16-million square foot light-industrial portfolio is anticipated to attract bids as high as $1.1 billion.

Evergreen Industrial Properties began its existence in 2014 with a 7.5-million-square-foot portfolio acquired from Prologis for $375 million. TPG Real Estate Partners (TREP II) fund snagged the portfolio. The $2-billion fund has as its goal niche property sectors in which it can achieve scale, as well as investments in out-of-favor sectors and/or mismanaged real estate.

Evergreen’s light-industrial, infill assets are close to high-population areas and infrastructure. The facilities’ purposes include distribution, e-commerce and light manufacturing.

Read More at PERE News

Connect with Evergreen Industrial

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