EQT Exeter acquires $60.9M Texas facility; sponsor commits $200M via Class E units

EQT Exeter Real Estate Income Trust, Inc.

Acquired 449,642 sq ft light industrial property in Georgetown, TX for ~$60.9M, 100% leased to single tenant.
Sponsor affiliate EQT Exeter Holdings invested $62.2M for 6.22M Class E units at $10/unit; total commitment $200M.
Authorized shares increased to 2.3B; created 50M Class A-I and 50M Class A-II shares with separate management fees.
Amended share repurchase plan to include new classes and special redemption terms for sponsor/management units.
Advisory agreement updated with 0.50% (Class A-I) and 0.90% (Class A-II) annual management fees.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

EQT Exeter Real Estate Income Trust, Inc.: Increased authorized shares of capital stock to 2,300,000,000 and common stock to 2,200,000,000; designated 50,000,000 Class A-I and 50,000,000 Class A-II common shares (effective 2024-03-20).

Change: charter amendment
Effective: 2024-03-20

Exact text from the filing

On March 20, 2024, the Company filed an Articles of Amendment (the “Articles of Amendment”) to its Articles of Amendment and Restatement, dated June 20, 2023 (the “Charter”) with the Maryland State Department of Assessments and Taxation (“SDAT”) to increase the number of shares of capital stock that the Company has authority to issue to 2,300,000,000 and the number of shares of common stock, par value $0.01 per share, that the Company has authority to issue to 2,200,000,000.

View on SEC.gov

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

EQT Exeter Real Estate Income Trust, Inc. entered into purchase and sale agreement with Longhorn Junction Owner (TX), LP valued at approximately $60.9 million (effective 2023-12-21).

Action: entry
Agreement: asset purchase
Counterparty: Longhorn Junction Owner (TX), LP
Value: approximately $60.9 million
Effective: 2023-12-21

Exact text from the filing

On December 21, 2023, Exeter Property Group, LLC, the Company’s external adviser (the “Adviser”), entered into a purchase and sale agreement (as subsequently amended) with Longhorn Junction Owner (TX), LP (the “Seller”), an affiliate of Portman Holdings, to acquire the Georgetown Property.

View on SEC.gov

236 governance changes filed in the last 30 days. Browse all governance changes →

Source: SEC EDGAR

accession 0001946997-24-000011

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.