TPG-led investor group acquires grocery-anchored retail owner ECHO Realty for about $2 billion

TPG Inc Class A

TPG Inc Class A

TPG

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  • TPG Real Estate acquired grocery-anchored retail owner-operator ECHO Realty in a transaction valued at about $2 billion.
  • PSP Investments, La Caisse, Norges Bank Investment Management joined the investor group backing the deal.
  • ECHO owns and operates about 230 retail centers across Midwest and Southeast U.S. markets.
  • The investor group will partner with ECHO management to scale acquisitions, leasing, property management, and its ECHO Retail brokerage platform.


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