CINCINNATI & NEW YORK--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT II, Inc. and TPG Real Estate, the real estate platform of leading global private investment firm TPG, today announced the formation of a partnership (the “Partnership”) to acquire high-quality, value-added grocery-anchored shopping centers throughout the United States. The Partnership will invest up to $250 million of equity and plans to leverage this capital to achieve a $750 million acquisition target. The Partnership
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