TPG (TPG) and Redfearn Capital have partnered to acquire 53 industrial buildings valued at $628 million from DRA Advisors, Bloomberg reported Friday, citing documents and unnamed sources familiar with the matter.
Redfearn Capital Chief Executive Alex Redfearn said the transaction expands the companies' footprint in Southeastern US, with roughly 75% of the newly acquired properties located in the region, the report said.
TPG, Redfearn Capital and DRA Advisors did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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