- Slice of Real Estate
- Posts
- TPG Angelo Gordon-Led Group to Acquire Dutch Residential Portfolio for €695M
TPG Angelo Gordon-Led Group to Acquire Dutch Residential Portfolio for €695M
Slice of Real Estate Team
September 18, 2024
Key Highlights:
€695M acquisition of nearly 3,000 residential units across 90 sites in the Netherlands.
The investor group includes TPG Angelo Gordon, Dream Unlimited, and Stadium Capital Partners.
The portfolio includes both single-family and multifamily units.
The acquisition enhances TPG Angelo Gordon's European real estate footprint.
Closing expected by early next year, subject to customary conditions.
Source: Business Wire
Notable Quotes:
"TPG Angelo Gordon is deeply familiar with this portfolio, and together with our partners, we are dedicated to providing tenants a best-in-class experience and homes they can call their own."
"This joint venture allows us to leverage our extensive expertise in residential asset management and builds on our long history of investing and operating in Europe across multiple asset classes."
"We plan to deliver our characteristic high-quality service to tenants and other stakeholders."
Our Take:
This acquisition underscores the continued growth and strength of TPG Angelo Gordon in the European real estate market. By partnering with Dream Unlimited and Stadium Capital Partners, TPG is reinforcing its commitment to providing quality residential housing in key European markets. The scale and geographic reach of this acquisition also highlight the importance of localized expertise, with partners like Dream and Stadium Capital contributing their deep knowledge of residential asset management. As the demand for quality housing remains robust, this transaction positions the group to meet tenant needs effectively while growing its asset base across Europe.