TPG-led group buys retail real estate firm ECHO Realty for $2B
A TPG-led consortium has purchased ECHO Realty, a major owner and operator of grocery-anchored retail properties, for approximately $2 billion. The group includes PSP Investments, La Caisse, and Norges Bank Investment Management. In a separate transaction, Cove Capital Investments acquired a 72,013-square-foot shopping center in Princeton, Kentucky, also anchored by a grocery store. This acquisition occurred at 500 US Highway 62.