Key Takeaways
- • ING Capital LLC provided a fully underwritten $268 million acquisition facility to EQT Real Estate's Core Plus Fund IV, according to a Business Wire announcement.
- • The facility financed the fund's purchase of 11 fully leased logistics assets totaling 2.8 million square feet across six high-growth US logistics markets.
- • The portfolio carries a seven-year weighted average lease term, with tenants spanning food and beverage, packaging, bulk transport, e-commerce and aviation.
- • The deal extends an existing ING-EQT Real Estate relationship spanning the US and Europe, and was described by both parties as a sponsor-financing solution for complex portfolio acquisitions.
Summary
ING Capital LLC, the wholesale banking arm of ING Group in the Americas, has provided a fully underwritten $268 million acquisition facility to EQT Real Estate's Core Plus Fund IV, according to a Business Wire release dated July 23, 2026. The financing supported the fund's acquisition of 11 institutional-quality logistics assets totaling 2.8 million square feet across six US logistics markets.
The portfolio is fully leased and features modern specifications. The average building age is 2014, average clear height is 33 feet, and each asset averages 22 dock-high doors. The weighted average lease term is seven years. By property type, the portfolio is 63% bulk distribution, 26% light industrial and 11% last-mile distribution. Tenants span food and beverage, packaging, bulk transport, e-commerce and aviation.
Craig Bender, Managing Director and Head of Commercial Real Estate for the Americas at ING Capital LLC, said the transaction reflects the flexible financing solutions the bank's real estate team can offer sponsors navigating complex portfolio acquisitions, and that logistics fundamentals remain strong. Brian Ford, Managing Director at EQT Real Estate, described ING as a trusted partner in the US and Europe and said the bank's team moved with the speed and flexibility the transaction required.
EQT Real Estate is the real estate division of EQT AB, the Stockholm-headquartered investment organization. As of June 30, 2026, EQT reported EUR 291 billion in total assets under management, with EQT Real Estate managing about $59 billion in gross asset value, serving more than 100 institutional investors, and operating over 2,000 properties totaling 450 million square feet. The release notes that ING Group does not hold a US banking license and conducts its US activities through ING Financial Holdings Corporation.
The portfolio is fully leased and features modern specifications. The average building age is 2014, average clear height is 33 feet, and each asset averages 22 dock-high doors. The weighted average lease term is seven years. By property type, the portfolio is 63% bulk distribution, 26% light industrial and 11% last-mile distribution. Tenants span food and beverage, packaging, bulk transport, e-commerce and aviation.
Craig Bender, Managing Director and Head of Commercial Real Estate for the Americas at ING Capital LLC, said the transaction reflects the flexible financing solutions the bank's real estate team can offer sponsors navigating complex portfolio acquisitions, and that logistics fundamentals remain strong. Brian Ford, Managing Director at EQT Real Estate, described ING as a trusted partner in the US and Europe and said the bank's team moved with the speed and flexibility the transaction required.
EQT Real Estate is the real estate division of EQT AB, the Stockholm-headquartered investment organization. As of June 30, 2026, EQT reported EUR 291 billion in total assets under management, with EQT Real Estate managing about $59 billion in gross asset value, serving more than 100 institutional investors, and operating over 2,000 properties totaling 450 million square feet. The release notes that ING Group does not hold a US banking license and conducts its US activities through ING Financial Holdings Corporation.
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