EQT Exeter Real Estate Income Trust, Inc. announces strategic industrial acquisitions totaling over $245M
Aug 19, 2024•over 1 year ago
Acquiring Company
EQT Exeter Real Estate Income Trust
Acquired Company
Description
EQT Exeter Real Estate Income Trust, Inc. (EQRT) has announced the acquisition of two strategic industrial properties, 3327 E Harrisburg Pike in Middletown, Pennsylvania for over $170 million, and 1500 Shoals Way in Portland, Tennessee for $75 million. These properties are fully leased by commercial tenants with each property carrying a 10+ year lease and strategically positioned in key U.S. submarkets seeing long-term growth, supporting the growth ambitions of commercial tenants including major distributors and manufacturers.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed