Lift Partners Sells 16 Industrial Assets to TPG
June 2, 2021: San Francisco, Ca.– Lift Partners (“Lift”) announced that it has closed on the sale of a high-quality industrial portfolio to TPG Real Estate Partners (“TREP”), the dedicated real estate equity investment platform of alternative asset management firm TPG. The portfolio is comprised of 16 well-located properties totaling approximately 2 million square feet on 48 acres in the Bay Area and Seattle. The properties are approximately 90% occupied.
Lift will continue to serve as the asset manager for the portfolio on behalf of the new partnership with TREP.
Eastdil Secured served as an advisor to Lift.