Press Release

TPG Real Estate Partners Closes Fund with More than $3.7 Billion of Capital Commitments

San Francisco, Fort Worth,  Texas, and London – March 11, 2019 – TPG Real Estate Partners (TREP), the  dedicated real estate equity investment platform of global alternative asset  firm TPG, announced today the closing of its latest opportunity fund, TPG Real  Estate Partners III. The fund secured over $3.7 billion of capital commitments  and was oversubscribed. 

TREP invests in commercial and  residential properties across the United States and Europe through a strategy  primarily focused on acquiring and building property-rich platforms and  companies. Leveraging a thematic approach and operating capabilities, TREP  partners with best-in-class management teams to create institutional portfolios  of owned real estate across a wide range of property types.

“With the completion of the TPG  Real Estate Partners III fundraise, we are well-capitalized to execute our  distinctive investment strategy and continue building a differentiated  investment portfolio,” said Kelvin Davis, Founder and Co-Head of TPG Real  Estate.

“From self-storage to senior  living, we focus on building property-rich platforms in high-growth asset  classes and markets, as well as in select areas of dislocation,” said Avi  Banyasz, Partner and Co-Head of TPG Real Estate. “Looking ahead, we will  continue to execute our strategy of investing in real estate-intensive  businesses, particularly in sectors where we believe we have proprietary  insight and operational competitive advantages.”

“We are thankful for the broad-based support of our existing  partners and are excited about newly formed partnerships with institutions  representing constituencies from around the world,” said Erin Nemser, Managing  Director and Head of Real Estate Fundraising. 

TREP has successfully invested  over $5 billion of equity across 30 transactions to date. With offices in  London, New York, and San Francisco, the TREP team is comprised of over 30  dedicated professionals. TREP benefits from the intellectual capital, global  network, and operational resources of the broader TPG platform.

Since its inception, TREP has  built a strong investment portfolio across a variety of thematic sectors and  asset classes. Current and past investments include A&O Hotels and Hostels,  Catellus, Enlivant, Evergreen Industrial Properties, Life Storage, P3 Logistic  Parks, Taylor Morrison, and TriGranit.

Additions to European Leadership

TREP also announced additions to  its leadership team in Europe. Louis-Simon Ferland and James Piper will join  TREP’s London team as Partners later this year. Ferland most recently served as  Managing Director at Blackstone Real Estate and Piper as a Partner at Ares  Management.

Together with current TREP  Partner Michael Abel, Ferland and Piper will help lead the group’s European  investing efforts. Anand Tejani, a Partner in the London office, has retired  from the firm.

“Louis-Simon and James both have  significant experience sourcing, executing, and managing real estate  investments across Europe. We’re thrilled to welcome them aboard as we continue  to bolster our presence across the region,” continued Davis. “Anand has played an  important role in building our platform in Europe, and we thank him for his  contributions to the business.”  

About TPG Real Estate

TPG Real Estate ("TPGRE") is the real estate  platform of TPG, a leading global alternative asset firm with more than $103  billion of assets under management and 17 offices around the world. TPGRE  includes TPG Real Estate Partners (“TREP”), its equity investment platform, and  TPG Real Estate Finance Trust (NYSE: “TRTX”), its debt origination and  acquisition platform. TREP focuses primarily on investments in real estate-rich  companies, property portfolios, and select single assets located in North  America and Europe. TRTX originates and acquires senior real estate loans  across a broad spectrum of asset classes in North America. TPGRE currently  manages approximately $10.4 billion in assets across both platforms. For more  information please visit www.tpg.com.

Media Contacts

US:
Luke Barrett
415-743-1550
media@tpg.com

Europe:
Alex Jones
tpg@greenbrookpr.com