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Velero Partners, Proprium, Forte Group acquire 3 German multifamily portfolios

German property company Velero Partners GmbH, real estate fund manager Proprium Capital Partners LP and Forte Group acquired three German multifamily portfolios from alternative investment manager Angelo Gordon & Co. LP for an undisclosed amount, IPE Real Assets reported.

The portfolios comprise approximately 5,000 residential units with total rentable space of about 300,000 square meters, spread mostly across Germany's North Rhine-Westphalia state.