TPG Secured $115 Million Loan for Dallas Properties
The firm obtained the financing in September 2026 to fund renovations across its Harwood District office portfolio.
Updated on Oct. 6, 2026 in Commercial
Live Poll
Do you believe major office renovations are a positive sign for your local business district?
In September 2026, TPG secured a $115 million loan from Overland Advantage to support its office holdings in Dallas. The loan is backed by the Harwood No. 3 and Harwood No. 7 buildings, which were part of a five-building portfolio acquisition in 2025.
Why it matters
The investment aims to upgrade infrastructure, green spaces, and tenant amenities to elevate the properties to Class AA status. This strategy positions TPG to compete effectively in the evolving Dallas commercial real estate market.
TPG currently operates 1.2 million square feet of office space within the 19-block Harwood District. The firm has also allocated $4 million specifically for planned renovations at the Saint Ann Court property.
The players
TPG
TPG is a global alternative asset management firm that operates a significant portfolio of commercial office space in Dallas.
Overland Advantage
Overland Advantage is a financial institution that provides capital and lending services for large-scale real estate projects.
Harwood International
Harwood International is a real estate development firm responsible for the master planning and delivery of a large portion of the Harwood District.
The details
TPG purchased five buildings from Harwood International in 2025, though Harwood International maintains a minority stake in the assets. Renovations for the office portfolio are scheduled to continue beyond 2027 to meet high-end office standards.
Timeline
TPG acquired five buildings in the Harwood district in 2025.
The $115 million loan was secured in September 2026.
Renovations are expected to continue beyond 2027.
Roadmap
This project reflects the broader push by institutional investors to modernize aging office inventory to meet the Class AA office space classification standard. As the Harwood District grows toward a projected 8.1 million square feet, owners are prioritizing high-end amenities to maintain occupancy.
Tenants within the Harwood District can expect improvements to clubhouses and surrounding green spaces as these renovations proceed. The upgrades are designed to enhance the daily work environment for businesses operating within the Saint Ann Court and other TPG-owned buildings.
The takeaway
Commercial property owners are increasingly betting that high-quality amenities are essential for retaining tenants in an competitive office market. Upgrading existing assets is often a cost-effective alternative to new ground-up development in high-density districts.
Further reading
Learn more about the latest developments in the Dallas Commercial sector.
Source note: This article includes information reported by The Real Deal New York.
Live Poll
Do you believe major office renovations are a positive sign for your local business district?
