Updated Aug 7, 2026
Adam Schwartz And Christopher Oka Of TPG AG U.S. Real Estate Acquire Industrial Portfolio For $628M
$628,000,000
$116/SF
Building Size
5,400,000 SF
Asset Type
Industrial
Closing
Aug 7, 2026
About this deal
AI
TPG AG U.S. Real Estate and Redfearn Capital acquired a 53-building industrial portfolio with a total of 5,400,000 square feet for $628 million. The properties are located across Florida, Georgia, North Carolina, Tennessee, Minnesota, Illinois, and Oregon, with an occupancy rate of 87%.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $628,000,000
- Square Footage: 5,400,000
- Price Per Square Foot: $116
- Buyer: Adam Schwartz & Christopher Oka - TPG AG U.S. Real Estate; Alex Redfearn - Redfearn Capital
- Seller: David Luski - DRA Advisors
- Lender: BDT & MSD Partners
- Acquisition Loan Amount: $479,000,000
David Luski represented DRA Advisors in the transaction, while BDT & MSD Partners provided the financing. TPG AG plans to invest additional capital to enhance the acquired industrial portfolio.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93