The transaction shifts Preferred Apartment Communities' focus to its multifamily properties while boosting TPG Real Estate Partners' presence in Europe.
The company will use the funds to expand its residential management platform and take a tech-driven operational approach.
Illinois Gov. JB Pritzker, Michigan Gov. Gretchen Whitmer, Ohio Gov. Mike DeWine, Wisconsin Gov. Tony Evers, Minnesota Gov. Tim Walz, Indiana Gov. Eric Holcomb and Kentucky Gov. Andy Beshear jointly announced the COVID-19 partnership.
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