TPG AG Real Estate Acquires $628M Industrial Portfolio in Partnership with Redfearn Capital

The transaction comprised a 5.4 million-square-foot industrial portfolio across seven states

New York – August 6, 2026 – TPG, a leading global alternative asset management firm, today announced that its TPG AG U.S. Real Estate platform (“TPG AG”) has acquired a 53-building industrial portfolio (the “Portfolio”) for $628 million. The transaction was sourced and led by Redfearn Capital (“Redfearn”).

The Portfolio comprises approximately 5.4 million square feet of distribution, logistics and manufacturing facilities across Florida, Georgia, North Carolina, Tennessee, Minnesota, Illinois and Oregon. Approximately 75 percent of the assets are concentrated in the Southeast, with properties located in major industrial markets such as Lakeland and Tampa, Fla.; Atlanta, Ga.; and Raleigh and Charlotte, N.C., among others. The Portfolio is currently 87 percent occupied and benefits from a broad tenant base.

TPG AG acquired the Portfolio alongside operating partners Redfearn, Atlanta Property Group and Matterhorn Venture Partners, building on TPG AG's existing partnership with each firm. The firms will jointly manage the Portfolio with each operating partner contributing deep local expertise in its respective market: Redfearn in Tampa, Lakeland, and Memphis, Tenn.; Atlanta Property Group in Atlanta, Raleigh/Durham, and Charlotte; and Matterhorn Venture Partners in Chicago.

“This acquisition represents another significant milestone in our investment strategy and reinforces our conviction in the long-term fundamentals of the U.S. shallow bay industrial sector,” said Chris Oka, Managing Director, TPG AG. “We are pleased to continue our long-standing partnerships with operating partners Redfearn, Atlanta Property Group, and Matterhorn Venture Partners to acquire and operate a portfolio of high-quality assets with strong occupancy, diversified tenancy, and compelling opportunities to create value through active asset management. We look forward to supporting the portfolio’s continued growth.”

The Portfolio consists primarily of shallow bay industrial assets in markets defined by high barriers to entry. TPG AG plans to create value through active asset management, including targeted capital investment to address deferred maintenance and improve tenant retention.

Eastdil Secured advised on the debt financing for the transaction. Greenberg Traurig, LLP represented the TPG-led consortium as its legal advisor.

About TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $327 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. For more information, visit www.tpg.com.

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