EQT Exeter Real Estate Income Trust, Inc. (EQRT) announced the acquisition of two industrial properties in Pennsylvania and Tennessee, collectively valued at over $245 million. The first property, a 1.2 million square foot facility in Middletown, Pennsylvania, was acquired for over $170 million. The second, a 630,000 square foot site in Portland, Tennessee, was secured for $75 million. Both properties were built last year and are fully leased with 10+ year terms. These acquisitions align with EQRT’s strategy of focusing on market dynamics and long-term growth in key U.S. submarkets. The Pennsylvania property is strategically located near major transportation hubs, facilitating easy access to major northeastern U.S. population centers. The Tennessee site benefits from proximity to highways, providing easy access to half of the U.S. population, and offers advanced manufacturing capabilities. The acquisitions were funded by the sale of $91.2 million Class E units of EQRT’s operating partnership and debt financings. EQRT remains committed to its tenant-centric, vertically-integrated strategy, investing in properties that support the growth ambitions of commercial tenants, including major distributors and manufacturers.
Real Estate Investment Trust (REIT), Logistics and Supply Chain, Commercial Real Estate,United States, Pennsylvania, Tennessee
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