A value-add US industrial real estate fund managed by EQT Real Estate has sold a 312,000sqft portfolio of seven truck terminal assets.
EQT Real Estate Industrial Value Fund V has sold the portfolio of properties featuring 475 dock-high and drive-in doors, spanning 89 acres. The assets are located across Phoenix, Atlanta, Southern California’s Inland Empire, Texas and Wichita.
The buyer and the disposal price were not disclosed.
EQT Real Estate said it assembled the portfolio through acquisitions in 2021 and 2022. Following site improvements and targeted leasing to achieve stabilisation, the properties are now leased to a diversified mix of logistics tenants, the manager added.
Matthew Brodnik, CIO at EQT Real Estate, said: “This sale reflects the depth of buyer interest for functional, well-located logistics assets. Our team did a tremendous job executing on the value creation plan for these assets, upgrading each property, enhancing site functionality, and securing significant moderate-to-long-term leasing commitments from blue-chip tenants.
“Demand for freight and logistics infrastructure remains strong, and we look forward to continuing to unlock value across our portfolio as market opportunities evolve.”
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