Boston-based TA Associates has closed the sale of its funds’ ownership interest in Exeter Property Group to Swedish private equity firm EQT AB for $1.87 billion. With the finalization of the sale, first announced in January, Exeter and EQT’s real estate businesses have combined as EQT Exeter.
“We believe Exeter has a unique investment and execution model making local deals with local teams across 36 U.S., European, Asian and South American markets, and these capabilities have helped Exeter produce enviable returns since its founding in 2007,” said Roy Burns, managing director at TA Associates.
Headquartered in Conshohocken, PA, Exeter is a real estate investment management firm focused on acquiring, developing, leasing and managing industrial, office and related business park properties across the U.S. and Europe through an array of value-add and core return private equity investment vehicles.
Goodwin Procter provided legal counsel to TA Associates.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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