Alpine Grove Partners and AIMCo completed the acquisition of a minority stake in Aurelis.

Real estate investment firms Alpine Grove Partners and AIMCo completed the acquisition of a minority stake in Aurelis Real Estate, a German light industrial real estate operating company. Finanacial terms were not disclosed. "We are pleased to have delivered a sizable liquidity option to our investors. Transacting in this environment is a testament to the quality and earnings potential of the Aurelis platform we have built together with management over the last 13 years. We are enthusiastic to have received the trust and mandate of AIMCo for such a large and important investment," Markus Hens, Alpine Grove Partner.