Private equity firm EQT has completed the acquisition of a portfolio of industrial warehouses across the East Coast from Mapletree for $575 million, signaling strong investor confidence in U.S. logistics infrastructure. The deal underscores growing demand for last-mile distribution assets amid evolving supply chain dynamics.
- EQT acquired a 4.2 million square foot industrial warehouse portfolio from Mapletree
- $575 million transaction value reflects strong investor appetite for logistics assets
- Assets are located in Baltimore, Philadelphia, and New Jersey, with high accessibility
- Projected IRR of 9.5% over 5–7 years supports long-term return expectations
- Impact on REITs XLRE and PSX due to increased industrial real estate demand
- Potential supply chain efficiency improvements for tenants like DIS
EQT has finalized the purchase of a portfolio of industrial warehouses spanning key East Coast markets, including Baltimore, Philadelphia, and New Jersey, from Mapletree for $575 million. The transaction includes approximately 4.2 million square feet of modern, Class A warehouse space, strategically positioned near major transportation corridors and population centers. The assets were developed with high ceilings, ample trucking access, and energy-efficient designs to meet rising e-commerce and logistics demands. This acquisition reflects a broader trend of institutional capital deploying in industrial real estate, particularly in high-velocity logistics hubs. The deal strengthens EQT’s presence in North American real estate, where it has been expanding its portfolio through targeted acquisitions in the past two years. The transaction is expected to generate a projected unleveraged internal rate of return of 9.5% over a 5–7 year hold period, according to internal projections. The acquisition is likely to influence REIT performance, particularly for industrial-focused vehicles such as XLRE and PSX, both of which have significant exposure to logistics and distribution assets. Analysts note that the increased demand for well-located industrial space could support rental growth and reduce vacancy rates in select East Coast markets. DIS, as a major tenant in distribution networks, may also benefit from improved supply chain efficiency tied to these facilities. Market participants are watching closely for follow-on transactions, as the size and location of this portfolio suggest a strategic move to capture long-term demand trends. The deal marks one of the largest industrial real estate transactions in the U.S. so far in 2026.