EQT Exeter to Acquire Strategic Supply Chain Assemblage Comprising Nearly Five Million Square Feet of Institutional Quality Industrial Assets

Transaction Overview - EQT Exeter Industrial Value Fund VI has acquired 33 industrial assets strategically located across 12 major industrial markets in the United States, with 21 of these assets located in markets where EQT Exeter has offices [1] - The properties include a mix of big box distribution and last-mile facilities, primarily serving tenants in the Southeast, Midwest, and Texas [1] - The total area of the acquired properties is over 4.5 million square feet, with an average building size of over 138,000 square feet [2] Property Details - The properties are located in four core regional markets: Southeast (Richmond, Atlanta, Jacksonville), E-Commerce Triangle (Louisville, Cincinnati, Indianapolis), Midwest (Chicago, St. Louis, Kansas City, Minnesota), and El Paso, Texas [2] - These properties are strategically located within prime logistics corridors, providing seamless connectivity to key interstate routes and major population centers [3] - The buildings feature best-in-class design, flexible suite sizes, diverse site plans, optimal clear heights, and abundant dock positions to maximize operational efficiency [3] Tenant and Lease Information - The properties are approximately 90% leased with staggered lease terms, featuring 34 unique tenants and four vacant suites [4] - Around 38% of the existing tenants are current relationships within EQT Exeter's portfolio, reflecting the firm's strong tenant-partner relationships [3] - EQT Exeter plans to enhance value by making improvements to fill the remaining 428,000 square feet of available space and collaborating with existing tenants to maintain steady occupancy and cash flow [1][4] Strategic Approach - EQT Exeter intends to implement a "locals-with-locals" approach to strengthen existing tenant-partner relationships and foster new ones, ensuring the assets meet the evolving needs of tenants [4] - The company aims to optimize both last-mile and regional distribution through strategic improvements and tenant collaboration [1][4]