EQT Real Estate Industrial Value Fund VI, a fund managed by EQT Real Estate, has acquired a 5.2 million-square-foot logistics portfolio across Southern California from Rexford Industrial Realty.
The portfolio comprises 32 buildings across five submarkets. More than 50 percent of the square footage sits in infill locations — Los Angeles, Orange County, the San Gabriel Valley and South Bay — within about 25 miles of the Los Angeles/Long Beach port complex. The remaining 46 percent is concentrated in Inland Empire West, along Interstate 10, Interstate 15, SR-60 and SR-91 freight corridors near Ontario International Airport.
Together, the Los Angeles and Inland Empire metros are home to about 17.7 million residents, with an estimated 23 million to 25 million people within 250 miles of each market. The San Pedro Bay port complex handles about 31 percent of U.S. containerized international waterborne trade, supporting sustained demand for both last-mile infill space and
