{"id":1004671161,"date":"2023-07-07T02:57:57","date_gmt":"2023-07-07T10:57:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004671161"},"modified":"2023-07-07T05:57:29","modified_gmt":"2023-07-07T13:57:29","slug":"eqt-exeter-closes-4-9b-industrial-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-closes-4-9b-industrial-fund\/","title":{"rendered":"EQT Exeter Closes $4.9B Industrial Fund"},"content":{"rendered":"
\"EQT

EQT Exeter building near Austin, Texas. Image courtesy of EQT Exeter<\/em><\/p><\/div>\n

EQT Exeter<\/strong>\u2019s Industrial Value Fund VI easily blew past its target size of $4 billion, closing at $4.9 billion in one of the largest single-property sector, operator funds ever raised.<\/p>\n

Demand for the investment vehicle was strong, with commitments coming from a diverse group of pension funds, foundations, insurance and sovereign clients from North America, South America, Europe, Asia and the Middle East.<\/p>\n

The fund pursues a value-add strategy to acquire, develop, renovate, lease, operate and sell industrial properties serving major markets throughout the U.S. The main focus is on single-tenant, modern supply chain assets, including big-box fulfillment centers and last-mile assets used by the world\u2019s largest corporations for their delivery systems.<\/p>\n

\n

READ ALSO:<\/strong> Real Estate Market Sentiment Improves<\/a><\/p>\n

\n

EQT Exeter plans to capitalize on the current market fundamentals\u2014such as reduced asset prices and higher rents\u2014by increasing occupancy, resetting rental rates to market levels upon lease expirations and securing strong credit tenants who can better withstand market cyclicality. The firm also intends to develop high-yielding ground-up projects. Investments are expected to begin later this year.<\/p>\n

Matt Brodnik, EQT Exeter\u2019s chief investment officer, said in prepared remarks that the company will be counting on its relationships with owner, brokers and lenders more than ever before to uncover opportunities and assemble a portfolio.\u00a0EQT Exeter President Henry Steinberg added that the company is also developing analytic tools to leverage its in-house, locally sourced acquisition and leasing data across geographies and product types.<\/p>\n

Earlier fund<\/h2>\n

EQT Exeter, formed in early 2021 through the merger of Conshohocken, Pa.-based\u00a0Exeter Property Group\u00a0with Stockholm\u2019s EQT<\/a>, is a global real estate solutions provider and one of the largest real estate investment managers in the world. The company\u2019s portfolio currently has more than 320 million square feet across 1,550 buildings.<\/p>\n

In October, about 10 months after launching its EQT Exeter Industrial Core-Plus Fund IV<\/a>, the firm\u2019s U.S. investment vehicle closed with $3 billion in equity commitments, well above its $2.5 billion target. Fund IV focuses on single-tenant, big-box distribution facilities, fulfillment centers, last-mile logistics centers and industrial service facilities. Modern big-box warehouses are expected to comprise about 65 percent of investments.<\/p>\n","protected":false},"excerpt":{"rendered":"

With commitments from investors around the globe, the fund exceeded its target size.<\/p>\n","protected":false},"author":1068,"featured_media":1004671176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,23891,21742],"tags":[51502],"class_list":["post-1004671161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-national","category-latest","tag-eqt-exeter"],"acf":[],"yoast_head":"\nEQT Exeter Closes $4.9B Industrial Fund - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"EQT Exeter\u2019s Industrial Value Fund VI closed at $4.9 billion in one of the largest single-property sector, operator funds ever raised.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-closes-4-9b-industrial-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EQT Exeter Closes $4.9B Industrial Fund\" \/>\n<meta property=\"og:description\" content=\"EQT Exeter\u2019s Industrial Value Fund VI closed at $4.9 billion in one of the largest single-property sector, operator funds ever raised.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-closes-4-9b-industrial-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-07T10:57:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-07T13:57:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/EQT-Exeter-building.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-closes-4-9b-industrial-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-closes-4-9b-industrial-fund\/\",\"name\":\"EQT Exeter Closes $4.9B Industrial Fund - 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