A couple of EQT Real Estate funds have acquired an 11-building logistics portfolio across the US.

The EQT Real Estate Logistics Value Fund VI and the EQT Real Estate Industrial Core-Plus Fund IV funds have invested an unspecified amount to acquire the 4.8m sqft logistics portfolio in Central Pennsylvania, Houston, Greenville-Spartanburg, Jacksonville and Indianapolis.

Details regarding the seller were not specified.

Matthew Brodnik, global CIO at EQT Real Estate, said: “Logistics continues to be one of the most compelling real estate subsectors globally, and this portfolio offers us high-quality exposure to some of the fastest-growing US markets.

“We look forward to deploying our differentiated approach to active management in order to help meet evolving tenant needs and drive long-term value.” 

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