ING Capital LLC has arranged and fully underwritten a $268 million acquisition facility for EQT Real Estate’s Core Plus Fund IV, supporting the acquisition of an institutional-quality logistics portfolio comprising 11 properties totaling 2.8 million square feet across six high-growth logistics markets in the United States. The transaction further strengthens the relationship between ING and EQT Real Estate, building on their collaboration across both the U.S. and European markets. The financing underscores ING’s continued focus on delivering customized capital solutions for large-scale real estate investments while supporting sponsors pursuing strategic acquisitions in the logistics sector.
The acquired portfolio consists of modern, fully leased industrial assets designed to meet the evolving needs of logistics and supply chain operators. The properties have an average construction year of 2014, feature 33-foot average clear heights and provide an average of 22 dock-high doors per building, making them well suited for efficient warehousing and distribution operations.
The portfolio also offers long-term income stability, with a weighted average lease term of seven years. Its tenant base represents a diverse mix of industries, including food and beverage, packaging, bulk transportation, e-commerce and aviation, reducing concentration risk while supporting resilient cash flows. By asset type, the portfolio includes 63 percent bulk distribution facilities, 26 percent light industrial properties, and 11 percent last-mile distribution assets, reflecting growing demand for strategically located logistics infrastructure that supports modern supply chains and expanding e-commerce activity.
Commenting on the transaction, Craig Bender, Managing Director and Head of Commercial Real Estate for the Americas at ING Capital LLC, said, “This transaction reflects the creative, flexible financing solutions our real estate team is able to bring to sponsors navigating complex portfolio acquisitions. Logistics fundamentals remain strong, and we are pleased to support EQT Real Estate, one of the premier real estate platforms in the United States. This deal reflects our commitment to supporting our most important sponsor clients across sectors, products and ING’s global network.”
EQT Real Estate, the real estate investment platform of EQT AB, manages a diversified global portfolio spanning logistics and residential assets across the Americas, Europe and Asia. The organization oversees more than $59 billion in assets under management and serves over 100 institutional investors worldwide through an extensive portfolio of properties and experienced real estate professionals.
Highlighting the partnership, Brian Ford, Managing Director, EQT Real Estate, said, “ING has become a trusted partner in the US and Europe. Their team was able to move with the speed and flexibility we needed. We look forward to continuing to build on this partnership.”
The financing demonstrates ING’s continued commitment to supporting institutional real estate investors with tailored lending solutions for complex acquisitions while reinforcing its presence in the commercial real estate financing market. It also reflects confidence in the long-term fundamentals of the U.S. logistics sector, where demand for high-quality warehouse and distribution facilities continues to be driven by supply chain modernization, industrial expansion and sustained growth in e-commerce.
ING Americas represents the wholesale banking operations of ING across the Americas. In the United States, the business operates through ING Financial Holdings Corporation and its subsidiaries. ING Financial Holdings Corporation is a wholly owned subsidiary of ING Bank NV and forms part of ING Group, a global financial institution listed on Euronext Amsterdam, Euronext Brussels and the New York Stock Exchange.
As ING Group does not hold a US banking licence, it does not conduct banking activities directly in the country. Instead, its U.S. operations are carried out through ING Financial Holdings Corporation and its subsidiaries, offering a comprehensive range of wholesale financial solutions. These include corporate lending, corporate finance, treasury and financial markets products, along with other specialised financial services tailored to corporate and institutional clients.
EQT is a purpose-driven global investment organisation managing total assets of EUR 291 billion, including EUR 155 billion in fee-generating assets under management, as of 30 June 2026. The firm’s investment platform spans three core business areas—Private Capital, Infrastructure and Real Estate—supporting portfolio companies and assets in achieving sustainable growth, operational excellence and long-term market leadership.
EQT Real Estate is the real estate investment platform of EQT, focused on acquiring, developing, leasing and managing high-quality logistics and residential properties across the Americas, Europe and Asia. The platform manages approximately USD 59 billion in gross asset value (GAV), with a portfolio of more than 2,000 properties covering over 450 million square feet. Supported by a team of more than 400 professionals across 50 locations worldwide, EQT Real Estate combines global expertise with local market knowledge to create long-term value through strategic real estate investments.
