EQT Exeter acquires $51.5M Torrance industrial property; 10-year leaseback to Frito-Lay (PepsiCo)

EQT Exeter Real Estate Income Trust, Inc.

Acquired 76,007 sq ft last-mile industrial facility in Torrance, CA for ~$51.5M; 100% leased to Frito-Lay Sales, a PepsiCo affiliate.
10-year leaseback with two 5-year renewal options; initial monthly rent $216,619.95 with 3% annual escalations.
Property management agreement with affiliate EQT Real Estate Advisors; fees at market rate or per lease terms.
December 2025 distributions declared: $0.04326/share for most classes; Class T net $0.03546; payable Jan 12, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EQT Exeter Real Estate Income Trust, Inc. entered into a asset purchase with Frito-Lay Sales, Inc. valued at approximately $51.5 million (effective 2025-12-19).

Action: entry
Agreement: asset purchase
Counterparty: Frito-Lay Sales, Inc.
Value: approximately $51.5 million
Effective: 2025-12-19

Exact text from the filing

On December 19, 2025, EQT Real Estate, LLC (the “Adviser”), the Company’s external adviser, entered into a purchase and sale agreement in connection with a sale-leaseback transaction with Frito-Lay Sales, Inc. (the “Torrance Seller”), an affiliate of PepsiCo, Inc., to acquire the Torrance Property.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EQT Exeter Real Estate Income Trust, Inc. entered into Property Management Agreement with EQT Real Estate Advisors, LLC (effective 2025-12-23).

Action: entry
Counterparty: EQT Real Estate Advisors, LLC
Effective: 2025-12-23

Exact text from the filing

In connection with the acquisition of the Torrance Property, on December 23, 2025, the Company, through the Torrance Buyer, entered into a property management agreement with EQT Real Estate Advisors, LLC (the “Property Manager”), an affiliate of the Adviser (the “Property Management Agreement”).

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Source: SEC EDGAR

accession 0001193125-25-336831

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