EQT said its EQT Real Estate Industrial Core-Plus Fund II has completed the sale of a 36-property, 7.3- million-square-foot portfolio of institutional-grade logistics assets located across the U.S. An Ares Real Estate fund acquired the portfolio, and published reports put the acquisition price at roughly $650 million. Marq Logistics, Ares’ global logistics real estate platform, will manage the portfolio.Â
The transaction represents the second tranche of a significant disposition out of EQT Real Estate’s Core-Plus industrial portfolio. It follows a previously completed sale announced in November 2025, at the time the largest U.S. industrial transaction in 2025.
The assets are well-located across 12 key U.S. distribution markets, including Chicago, Columbus, Phoenix, Dallas, Atlanta and the Carolinas, with exposure to major logistics hubs such as Southern California, Memphis and Cincinnati, EQT said. EQT Real Estate was advised by John Huguenard, Trent Agnew and Will McCormack of JLL.Â
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