About ECHO Realty
ECHO Realty develops, owns, and manages grocery-anchored retail centers and shopping properties.
Founded
2010
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Leasing & Rental Services
Valuation
$2B (acquired Jun 2026)
ECHO Realty Acquisition
ECHO Realty was acquired by TPG for $2B on 4 June 2026.
TPG Real Estate led the acquisition of ECHO Realty in a transaction valued at approximately USD 2,000 million. The deal was announced on June 5, 2026 and was backed by a broader investor group that included institutional partners, positioning ECHO within TPG’s grocery-anchored retail platform. The strategic rationale centers on ECHO’s portfolio of grocery-anchored retail real estate, a segment that TPG described as best-in-class and operationally attractive. The transaction expands TPG’s presence in necessity-based retail assets and reflects continued investor interest in stabilized retail properties with resilient tenant demand. ECHO Realty is a full-service owner and operator of grocery-anchored retail real estate, with a focus on shopping centers and related retail property operations. The available information identifies the company as a western Pennsylvania-based platform, but does not provide revenue or EBITDA figures.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 4 Jun 2026 | PE buyout | $2B |
ECHO Realty Funding History
ECHO Realty has raised 1 funding round.
| Date | Stage | Investors |
|---|---|---|
| Jun 2026 | Undisclosed stage | Norges Bank Investment Management; La Caisse; PSP Investments |
Who has invested in ECHO Realty?
3 investors have backed ECHO Realty across its funding rounds, including La Caisse, PSP Investments and Norges Bank Investment Management.
ECHO Realty Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jun 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialECHO Realty Competitors
ECHO Realty competitors include listed companies like Argan SA, Curbline Properties and Pandox, and private ones like Flow, ESR and MultiGreen Properties.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $290M | $235M | $2.1B | 17.3x | ||
| Private | - | - | $2.5B | - | ||
| Private | - | - | $2.8B | - | ||
| Publicly listed | $183M | $106M | $3.3B | 16.2x | ||
| Publicly listed | $762M | $597M | $3.3B | 10.8x | ||
| Private | - | - | $34M | - |
ECHO Realty Public Comps
ECHO Realty is no longer listed, but its public comps include BWP Gr, Entra, FIBRA Macquarie, Cairn Homes, Sirius Real Estate, Fortress Real Estate Investments, Global Net Lease, Torunlar GYO, Luenmei Quantum Co and Brigade Enterprises.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $147M | $127M | 16.7x | 16.5x | 19.4x | 18.9x | |||
| $379M | $300M | 14.3x | 16.4x | 18.1x | 19.0x | |||
| $295M | ($70M) | 10.9x | 11.0x | (46.3x) | 14.5x | |||
| $1.1B | $198M | 2.0x | 1.8x | 11.1x | 10.5x | |||
| $400M | $276M | 8.0x | 11.7x | 11.7x | 16.6x | |||
| $384M | $242M | 8.5x | 10.6x | 13.5x | 13.3x | |||
| $495M | $311M | 8.8x | 9.4x | 14.0x | 12.2x | |||
| $305M | $185M | 5.9x | 5.4x | 9.8x | 7.4x | |||
This data is available for Pro users. Sign up to see all ECHO Realty competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ECHO Realty
| When was ECHO Realty founded? | ECHO Realty was founded in 2010. |
| Where is ECHO Realty headquartered? | ECHO Realty is headquartered in Pittsburgh, PA, United States. |
| Is ECHO Realty publicly listed? | No, ECHO Realty was acquired by TPG in June 2026. |
| Who acquired ECHO Realty? | ECHO Realty was acquired by TPG in June 2026. |
| How much was ECHO Realty acquired for? | ECHO Realty was acquired for $2B in June 2026. |
| What was ECHO Realty's last funding round? | ECHO Realty's last funding round was a undisclosed-stage round in June 2026. |
| Who are ECHO Realty's investors? | ECHO Realty's investors include Norges Bank Investment Management, La Caisse and PSP Investments. |
| Which companies are comparable to ECHO Realty? | Companies comparable to ECHO Realty include Argan SA, Flow, ESR, Curbline Properties, Pandox and MultiGreen Properties. |
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