ING Capital has provided a fully underwritten $268 million acquisition facility to EQT Real Estate’s Core Plus Fund IV. The financing supported the fund’s acquisition of 11 institutional-quality logistics assets totaling 2.8 million square feet across six high-growth U.S. logistics markets. The transaction builds upon the growing relationship between ING and EQT Real Estate in both the U.S. and European markets.
The 11-asset portfolio is fully leased and features modern specifications, including an average building age of 2014, 33-foot average clear heights and an average of 22 dock-high doors per asset. The portfolio has a weighted average lease term of seven years. Tenants span food and beverage, packaging, bulk transport, ecommerce and aviation. By property type, the portfolio consists of 63 percent bulk distribution, 26 percent light industrial and 11 percent last-mile distribution assets.
“This transaction reflects the creative, flexible financing solutions
