Global real estate firm EQT Exeter announced that it had closed its EQT Exeter Industrial Core-Plus Fund IV at an oversubscribed $3 billion in equity commitments, exceeding the $2.5 billion goal. A "diversified group" of investors hailed from North America, Europe, Asia, and the Middle East, a press release noted.
The planned focus is on "Class A, single-tenant big box distribution, fulfillment center, last mile logistics properties, and industrial service facilities (ISFs)" to "serve the supply chain real estate needs of established, global tenants."
The fund will look for properties with high occupancy and long-term leases that can generate stable cash flow.
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