Value Add Funds

Exeter builds sector-specific and geographically-focused property portfolios for our investors.

We seek to provide investors with superior risk-adjusted returns by utilizing our multi-regional operator platform to source single-asset and small portfolio investments and to add value through property renovation, lease up and development.  The funds are structured as commingled, discretionary, closed-end vehicles with short to medium term horizons.  Representative vehicles to date include:

U.S. Industrial Value Funds

Exeter Industrial Value Fund IV: $1.275 billion commingled fund focused on logistics assets including big box warehouses and last mile distribution facilities in primary U.S. markets.  Commenced investing 2017.

Exeter Industrial Value Fund III: With a similar investment focus as EIVF IV, this $832 million equity fund closed 107 transactions totaling $3.1 billion in property value and is now substantially realized.

Exeter Industrial Value Fund II: $615 million equity fund acquired 72 investments during 2011-2014 which totaled $2.4 billion in gross asset value.  The fund is realized.

Exeter Industrial Value Fund: Exeter’s first fund, this $357 million equity fund attained $1.1 billion in gross asset value. Invested during 2007-2011, the fund is now realized.

Europe Industrial Value Ventures

Exeter Europe Value Venture III: €750 million commingled fund focused on big box and last mile distribution properties in the primary logistics markets of Germany, Netherlands, France, Poland, United Kingdom and Ireland.  Commenced investing 2018.

Exeter Europe Value Venture II: With a similar investment focus as EEVV III, this €300 million equity account closed 44 transactions during 2015-2017.

Exeter Europe Value Venture I: Focusing on Dublin, Ireland industrial assets, this €40 million equity account closed 21 transactions during 2014-2016.

U.S. Office Value Funds

Exeter Office Value Fund: Leveraging the Exeter team’s 25-year tenure in office investing and our local presence in numerous markets, this $100 million fund targets Class A office investments in top suburban submarkets.  Commenced investing 2018.