EQT Real Estate has completed the sale of a 36-property, 7.3 million sq ft portfolio of institutional-grade logistics assets across the United States to an Ares Real Estate fund, marking the second tranche of a broader disposition from its Core-Plus industrial portfolio.
The assets are located across 12 major U.S. distribution markets, including Chicago, Columbus, Phoenix, Dallas, Atlanta, and the Carolinas, with additional exposure to key logistics hubs such as Southern California, Memphis, and Cincinnati. The portfolio provides tenants with direct access to critical transportation infrastructure and large population centers, supporting long-term demand fundamentals.
The portfolio is leased to a diversified, blue-chip tenant base spanning e-commerce, distribution, food and beverage, and light manufacturing sectors. The properties feature modern logistics specifications, including 31-foot clear heights, cross-dock and rear-load configurations, truck courts, and extensive parking, positioning them to meet evolving tenant requirements.
The transaction follows a prior sale completed in November 2025, which was the largest U.S. industrial transaction of that year. The phased execution reflects EQT Real Estate’s strategy to segment and exit large-scale core distribution portfolios to maximize value across market cycles.
During its ownership, EQT enhanced the portfolio through leasing initiatives, operational improvements, and targeted capital investment, creating a diversified, income-generating platform with embedded growth potential.
The assets will be managed by Marq Logistics, Ares’ vertically integrated global logistics real estate platform, as Ares continues to expand its presence across key U.S. distribution markets.
KEY QUOTES:
“This transaction highlights EQT Real Estate’s strength in creating and realizing value across the investment lifecycle. The team combined thoughtful portfolio construction with EQT Real Estate’s differentiated hands-on active management to build a portfolio with strong underlying fundamentals, enhance its performance, and ultimately deliver an outcome that reflects its quality and future potential.”
Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate
“We are pleased to complete another transaction with the EQT team in acquiring this diversified portfolio of high-quality assets. We look forward to bringing the scale and experience of our vertically integrated logistics platform to further enhance the value of these properties and deepen Ares’ presence across key distribution markets.”
Dave Fazekas, Head Of North America Logistics In Ares Real Estate