EQT Exeter Real Estate Income Trust, Inc. (EQT) has announced the acquisition of two industrial properties, totaling over $245 million.
The real estate investment trust (REIT) purchased 3327 E Harrisburg Pike in Middletown, Pennsylvania, for more than $170 million, and 1500 Shoals Way in Portland, Tennessee, for $75 million. Both properties, constructed last year, are fully leased to commercial tenants with lease agreements extending beyond 10 years.
"EQT is investing in America's supply chain and will continue to focus on acquiring industrial real estate that supports the growth ambitions of our commercial tenants, including major distributors and manufacturers," said Ali Houshmand, EQRT Portfolio Manager. "We remain committed to our tenant-centric, vertically integrated strategy."
