EQT Exeter Real Estate Income Trust, Inc. (EQRT) has expanded its California portfolio with the $51.5 million purchase of a key industrial property. The facility is located in Torrance, right in the heart of the South Bay submarket. This area is known for being one of the most supply-constrained logistics locations in the United States.

The site spans approximately 9.6 acres and features a building of 76,007 square feet. It is currently entirely occupied by a Fortune 50 company from the food and beverage sector. The facility is designed for modern logistics needs, offering a 30 foot clear height and high-quality office space making up about 12 per cent of the build-out. To support the transition to greener transport, the property also includes several EV charging stations for last-mile delivery fleets.

Proximity to infrastructure is a major feature of the deal. The site is located near the I-405 and I-110 motorways, as well as the major ports of Long Beach and Los Angeles. This allows for efficient distribution to the 20 million people living within an hour of the facility.

Ali Houshmand, Global Head of Non-Traded REITs at EQT Real Estate, LLC said: “This acquisition reflects our continued conviction in the long-term fundamentals of industrial real estate. Southern California is one the tightest and most strategically important logistics markets in the country, and this investment sits squarely within EQRT’s investment strategy of stabilized, income-oriented properties critical to modern supply chains and positioned for sustainable, long-term demand.”

EQRT is managed externally by EQT Real Estate, which is the property arm of the global investment firm EQT AB. The trust generally targets properties with established business tenants or consumer-led assets like multifamily housing. By focusing on firms in the Fortune 1000, EQRT aims to leverage its existing leasing relationships to secure stable returns.