EQT Exeter Creates New REIT for US Commercial-Property Bets (1)

EQT Exeter, the property affiliate of Swedish private equity firm EQT AB, launched a real estate investment trust as part of its expansion into the private wealth business.

The new REIT, called EQT Exeter Real Estate Income Trust, is targeting commercial real estate bets in the US, such as industrial, life science, multifamily and self-storage properties, according to a statement Thursday. The non-traded REIT is offering as much as $5 billion of shares.

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