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EQT Exeter Non-Traded REIT Declared Effective

EQT Exeter Real Estate Income Trust Inc., announced its Registration Statement on Form S-11 in connection with its initial public offering of common stock has been declared effective by the U.S. Securities and Exchange Commission.

EQRT is offering on a continuous basis up to $5 billion in shares of its Class S, Class T, Class D and Class I common stock, consisting of up to $4 billion in shares in the primary offering and up to $1 billion in shares pursuant to a distribution reinvestment plan. EQRT is externally managed by Exeter Property Group LLC, an affiliate of EQT AB.

The company is a newly organized corporation “formed to invest primarily in stabilized, income-oriented commercial real estate in the United States, with an emphasis on properties that can leverage EQT Exeter’s scale and long-standing direct leasing relationships with Fortune 1000 companies.”

EQRT says they 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.

Until the release of proceeds from escrow, the per share purchase price for shares of common stock in the offering will be $10.00 per share plus applicable upfront selling commissions and dealer manager fees. Thereafter, EQRT says the purchase price per share for each class of common stock will vary and will generally equal the prior month’s net asset value per share, as determined monthly, plus applicable upfront selling commissions and dealer manager fees.

EQTE Brokerage LLC, member FINRA and SIPC, is acting as the dealer-manager for the offering says it will engage selected broker-dealers to participate in the distribution of shares to individual investors.

EQT Exeter manages $30 billion in real estate assets. The company has invested in the US, as well as countries including Mexico, Brazil and parts of Europe and Asia.

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