Such vehicles utilize Exeter’s industrial real estate operator skills to assemble (or develop) and manage portfolios of the highest quality assets across the selected markets to generate above-market returns. Specialized portfolios can be designed for investors seeking a range of goals from core to core+ and build-to-core, and can be discretionary or non-discretionary. Representative vehicles to date include:
- Exeter Core Industrial Venture: $400 million account serving an Asian sovereign wealth fund and a U.S. public pension fund. The low leverage, long term vehicle focuses on Class A, long term leased industrial properties in selected primary U.S. markets.
- Exeter-Phoenix European Investment Partnership: €25 million account serving a global asset manager to pursue logistics properties in Ireland and the United Kingdom.