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QT Exeter Industrial Value Fund VI has acquired a 2.04 million square foot portfolio of modern logistics facilities in Manteca, California. The four Class A buildings are strategically located near major highways and an intermodal rail terminal, making them a key part of the region's mission-critical logistics hub.

    The properties offer significant upside from below-market rents and upcoming lease maturities, with a weighted average lease term of less than three and a half years. They are fully leased to four tenants across diverse industries and feature modern bulk distribution specifications, including 36-foot clear heights and excellent truck maneuverability.

    Located in California's Central Valley, one of the state's fastest-growing industrial corridors, the assets benefit from proximity to major population centers and transportation infrastructure. The region is increasingly becoming a location of choice for large-scale distribution due to its connectivity, cost advantages, and expanding labor pool.

    "This acquisition reflects our conviction in investing behind well-located, institutional quality logistics assets in dynamic markets," said Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate. "With a strong tenant profile, operational upside and clear growth potential, we're excited to bring these properties into the EQT Real Estate platform."

    EQT Real Estate was advised by Colliers on this acquisition.