RADNOR, PA — EQT announced that its EQT Real Estate Industrial Core-Plus Fund II recently completed the sale of a 36-property, 7.3 million-square-foot U.S. logistics portfolio to an Ares Real Estate fund, marking the second phase of a broader disposition strategy.
The assets span 12 U.S. distribution markets, including Chicago, Columbus, Phoenix, Dallas, Atlanta and the Carolinas, with additional exposure to logistics hubs such as Southern California, Memphis and Cincinnati.
The portfolio will be managed by Marq Logistics, Ares’ logistics real estate platform.
The transaction follows a prior tranche completed in November 2025, which EQT said was the largest U.S. industrial transaction of that year. The phased approach reflects the firm’s strategy to segment and exit large-scale industrial holdings over time.
The properties are leased to tenants across e-commerce, distribution, food and beverage, and light manufacturing sectors.
The buildings include modern logistics features such as 31-foot clear heights, cross-dock and rear-load configurations, truck courts and parking capacity designed for freight movement.
Matthew Brodnik, global chief investment officer at EQT Real Estate, said the transaction reflects the firm’s approach to portfolio construction and asset management.
“This transaction highlights EQT Real Estate’s strength in creating and realizing value across the investment lifecycle,” Brodnik said.
Dave Fazekas, head of North America logistics at Ares Real Estate, said the acquisition expands the firm’s footprint in key distribution markets.
“We are pleased to complete another transaction with the EQT team in acquiring this diversified portfolio of high-quality assets,” Fazekas said.
EQT Real Estate was advised on the transaction by John Huguenard, Trent Agnew and Will McCormack of JLL.
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