TPG Real Estate Partners (TREP), the real estate equity investment platform of US alternative asset firm TPG, has reached an agreement with Spanish 'bad' bank Sareb to acquire 75% of Spanish REIT Témpore Properties.
TPG Real Estate Partners (TREP), the real estate equity investment platform of US alternative asset firm TPG, has reached an agreement with Spanish 'bad' bank Sareb to acquire 75% of Spanish REIT Témpore Properties.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.