TPG Real Estate Fund II raises over $2 bln

By Luisa Beltran — 2 months ago

TPG Real Estate said Wednesday that its second fund closed with over $2 billion of equity commitments. Investors of TPG Real Estate Partners II include public and private pension funds, sovereign wealth funds, insurance companies, and other institutional investors. TPG Real Estate is the real estate arm of TPG.


TPG Real Estate to acquire TriGranit

By Iris Dorbian — 4 months ago

TPG Real Estate has agreed to buy Europe-based TriGranit, a retail and office assets developer and manager. No financial terms were disclosed for the transaction that is expected to be completed before the end of the year.


TPG Real Estate buys stake in $2.5 bln loan portfolio from Deutsche Bank

By Chris Witkowsky — 11 months ago

TPG Real Estate has acquired a majority stake in a $2.5 billion portfolio of high-yield real estate loans from Deutsche Bank’s Special Situations Group. TPG will acquire 75 percent of the portfolio, while Deutsche Bank will retain 25 percent. The portfolio is comprised of 57 performing first mortgage loans on properties in markets across the U.S., primarily in New York and Los Angeles. As part of the deal, a team of 11 origination and risk management professionals from Deutsche Bank’s Special Situations Group has joined a newly created mortgage REIT, TPG Real Estate Finance Trust, that will own the existing portfolio as well as originate new loans to existing and new borrowers.