US group Alamo buys XS Real Estates

Texas-based Alamo Group has completed acquisition of Chennai’s XS Real Properties.
Representative Image
Representative Image

Chennai

Alamo Group is a private equity firm with investments in a diverse portfolio of commercial real estate assets including Class A office buildings, international hotels and resorts, high rise apartments, multifamily projects, medical office buildings, and selected land development opportunities.
Alamo’s current pipeline includes assets well over $1.5 billion (over Rs 10,000 cr). This includes over $500 mn of residential multifamily projects with over 2,500 units in 2022/23 pipeline; over $500 mn of hospitality projects (Hotels and Resorts) spread between Hilton, Marriott, and Margaritaville brands.

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