EQT Exeter’s latest value-add US industrial real estate fund has added 33 assets to its portfolio.
The $4.9bn (€4.6bn) EQT Exeter Industrial Value Fund VI has invested an undisclosed amount to acquire the Assemblage portfolio, spanning four key regional markets: the Southeast, the “E-Commerce Triangle,” the Midwest and El Paso, Texas.
The Assemblage portfolio, which is 90% leased, comprises more than 4.5m sqft of bulk and last-mile industrial facilities, with an average building size exceeding 138,000sqft.
EQT Exeter said it plans to create value by preparing and leasing the remaining 428,000sqft of available space within the portfolio.
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