EQT Exeter Real Estate Income Trust has made its first acquisition, purchasing 110 Southeast Inner Loop Road in Georgetown, Texas, for $60.9 million.
EQRT acquired the property with proceeds from the sale of 6.22 million class E units of its operating partnership to EQT Exeter Holdings US, an affiliate of EQRT’s sponsor.
The 449,642-square-foot property is fully occupied by GAF Energy, a producer of solar roofing, on a long-term lease. The newly built, cutting-edge warehouse was completed in 2023 and features 106 doors, a 36-foot ceiling, 123 trailer parking spaces and more than 500 total parking spaces. As GAF Energy noted when announcing the completion of construction, the increased capacity and production enabled by this new manufacturing and distribution facility will make GAF Energy one of the largest producers of solar roofing in the world.
“This property is strategically located in a key regional distribution center just outside Austin, Texas. The loc