Georgetown Business Park Picked by First-Time Investor

EQT Exeter Real Estate Income Trust, Inc. (“EQRT”) purchased 110 Southeast Inner Loop Road, a leased 449,000-square-foot industrial building in Georgetown, for $60.9 million. GAF Energy, a producer of solar roofing, is the tenant on a long-term lease. The newly built warehouse was completed in 2023. The increased capacity and production enabled by this new manufacturing and distribution facility will make GAF Energy one of the largest producers of solar roofing in the world. GAF employs 240 workers at the site.

This is Exeter’s first deal. Exeter’s Ali Houshmand added, “The EQRT investment strategy seeks to acquire primarily stabilized, income-oriented commercial real estate in the industrial sector across the United States. This transaction reaffirms our commitment to that strategy.” In addition, EQRT will generally seek to invest approximately 80% in properties with business tenants, such as industrial or life science properties, and approximately 20% in real estate assets with consumer users, such as multifamily or self-storage properties.