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TPG Angelo Gordon recently signed off on one of the city’s biggest multifamily foreclosures of the year, as Chicago’s suburban multifamily market outpaces the urban core. New York-based TPG Angelo Gordon agreed to a deed-in-lieu of foreclosure last month, forfeiting 2 West Delaware Place to lender ACORE Capital, an affiliate of which had issued the 31-story, 189-unit building’s $130 million loan in 2020. The loan amount comes out to about $687,000 per unit. TPG acquired Angelo Gordon in 2023, forming TPG Angelo Gordon.