SINGAPORE AND CONSHOHOCKEN, PA. — Mapletree Investments Pte Ltd., a global real estate investment and management firm based in Singapore, has agreed to sell a portfolio of 10 bulk warehouse facilities that are located across various Sun Belt markets.
Metro Philadelphia-based industrial development firm EQT Real Estate is purchasing the portfolio, which features properties in Georgia, Florida and Texas, for $241.2 million. Specific properties were not released, but a source familiar with the transaction says the assets are situated in suburban Atlanta, Dallas, Houston, Orlando and South Florida.
Mapletree owns the warehouse facilities under Mapletree US & EU Logistics Private Trust, a closed-end private fund that was launched in 2019. Mapletree recently sold another portfolio within the $4.3 billion fund — a 1.8 million-square-foot portfolio that Faropoint purchased for $328 million.
Clayton Skistimas, Christina Buhl, Marc Alfert, Mark Chu and Steve Silk of Eastdil Secured represented Mapletree in the transaction with EQT. The deal is expected to close by late 2025.
“This divestment represents a strong outcome for our investors and affirms the value we’ve created across our U.S. industrial portfolio,” says Richard Prokup, CEO of Mapletree’s U.S. division. “As we look ahead, we remain focused on reinvesting in premier warehouse assets that align with our long-term growth strategy.”
Mapletree has owned and managed more than 70 million square feet of industrial assets in the United States since entering the country in 2014. The company’s U.S. assets under management (AUM) totaled $60.1 billion as of March 31, 2025, which represents 25 percent of Mapletree’s total AUM.
EQT Real Estate owns and operates over 2,500 properties and 540 million square feet as of March 31. The company, which was founded following the merger of EQT and Exeter Property Group in 2021, employs more than 440 professionals across 50 locations globally.
— John Nelson