DFX Intelligence
Real Estate Fund Intelligence
The manager graph behind U.S. private real estate capital. Which vehicles a manager swears to, what each reports year by year, what the manager says it does, and, where the evidence holds, which owner entities, properties, loans, lenders and pensions stand behind it. GAV is gross asset value on a filing date, never fund size, and every manager-to-property link carries its evidence class.
Manager
Exeter Property Group, LLC
What capital do they manage?
- Real estate GAV
- $17B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 13 current, 26 ever, 3 dropped0 feeders, 0 funds of funds
- First on the tape
- 2012the extract starts in 2011; an earlier history is not visible
- Latest filing
- Oct 14, 2024registered adviser
- Adviser RAUM
- $27Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 13
- Latest vintage
- 2023from a fund name year or the first ADV report after the adviser's first filing
What do they say they do?
stated by the manager
- Strategy
- Multi-strategy
- Operator model
- Hybridbasis: stated
- Property types
- Industrial, Multifamily, Student housing, Self storagebasis: stated
- Markets
- Americas, Europe, Asia Pacific, Germany, Japan, Spain, Fort Myers, FL, Bethesda, MDbasis: stated
- AUM in its own words
- Gross Asset Value Under Management 50.76B EUR (58B USD)the manager's statement, not a DFX figure
- Parent
- EQT
In the manager’s own words
- Value add: “Across the U.S. and Europe, our Value-Add strategy focuses on supply chain real estate, including big-box to mid-box and last-mile warehouses, as well as industrial service facilities, prioritizing top distribution hubs and e-commerce markets.”
- Core plus: “Our Core-Plus strategy complements this by acquiring and operating high-quality distribution centers with strong occupancy and long-term lease stability.”
- Development: “EQT Logistics develops and manages high-performance logistics centers that serve the evolving needs of e-commerce, manufacturing, and distribution across key population centers and logistics hubs.”
- Industrial: “Our portfolio ranges from state-of-the-art logistics hubs to high-quality rental housing and student communities across the Americas, Europe and Asia Pacific.”
- Multifamily: “We invest in multifamily apartment communities that align with the needs of today’s renters while adapting to evolving market opportunities.”
- Student housing: “We target institutional-grade residential-for-rent properties and purpose-built student accommodation across major cities and higher education hubs”
- Self storage: “We are developing a portfolio of next-generation, best-in-class self storage facilities across major European cities.”
- Americas: “across the Americas, Europe and Asia Pacific”
- Europe: “across the Americas, Europe and Asia Pacific”
- Asia Pacific: “across the Americas, Europe and Asia Pacific”
- Germany: “closed the acquisition of an 8-hectare greenfield site in Meppen, North-West Germany”
- Japan: “Located in the highly sought-after Gaikando Submarket of the Greater Tokyo Market, Misato Logistics Distribution Center”
- Spain: “Madrid Vicálvaro student residence, which opened for the 2023-2024 academic year”
- Fort Myers, FL: “Nine state-of-the-art distribution buildings, located in Fort Myers, Florida”
- Bethesda, MD: “Class A Apartment Community in Bethesda, Maryland”
Vehicles
26 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| Exeter Industrial Value Fund V, LP 805-6971798396 | master | $5.7B GAV 2024 | 60 | 2020 to 2024 | 2020 | Investing | |||
| Exeter Industrial Core Fund III, L.P. 805-6063109131 | fund | $2.9B GAV 2024 | 0 | 2019 to 2024 | 2019 | Harvesting | Core | ||
| Exeter Europe Industrial Core Fund S.C.SP. 805-4499731072 | master | $2.0B GAV 2024 | 7 | 2020 to 2024 | 2020 | Investing | Core | ||
| EQT Exeter Industrial Core-Plus Fund IV LP 805-6538435240 | fund | $2.0B GAV 2024 | 6 | 2022 to 2024 | 2022 | Deploying | Core plus | ||
| Exeter Core Industrial Club Fund II, L.P. 805-1068395194 | fund | $1.8B GAV 2024 | 10 | 2016 to 2024 | 2016 | Harvesting | Core | ||
| Exeter Europe Logistics Value Fund IV, S.C.SP. 805-7163939906 | master | $1.5B GAV 2024 | 36 | 2021 to 2024 | 2021 | Deploying | |||
| EQT Exeter Industrial Value Fund VI, LP 805-9970557106 | master | $987M GAV 2024 | 77 | 2023 to 2024 | 2023 | Deploying | 1 | ||
| Exeter Industrial Value Fund IV, L.P. 805-8440172469 | fund | $170M GAV 2024 | 51 | 2017 to 2024 | 2017 | Winding down | |||
| Exeter Office Value Fund, L.P. 805-2509539698 | fund | $113M GAV 2024 | 3 | 2019 to 2024 | 2019 | Harvesting | |||
| EM P28 Opportunities Fund, LP 805-8366947815 | fund | $107M GAV 2024 | 26 | 2021 to 2024 | 2021 | Investing | Opportunistic | ||
| Exeter Europe Value Venture III S.C.SP. 805-2397786945 | master | $55M GAV 2024 | 21 | 2018 to 2024 | 2018 | Winding down | |||
| Exeter Office Value Fund II, LP 805-7441271110 | fund | $44M GAV 2024 | 2 | 2021 to 2024 | 2021 | Harvesting | |||
| Exeter Industrial Value Fund III, L.P. 805-4178763770 | fund | $27M GAV 2024 | 39 | 2014 to 2024 | 2014 | Winding down |
13 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| BIG Box Reit D, Inc. 805-7837763957 | REIT | $402M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | REIT sponsor | ||
| BIG Box Core Reit I, Inc. 805-9450338637 | fund | $387M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | Core | ||
| BIG Box Reit E, Inc. 805-5410565992 | REIT | $387M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | REIT sponsor | ||
| BIG Box Core Reit II, Inc. 805-1887688465 | fund | $372M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | Core | ||
| BIG Box Reit B, Inc. 805-8038171699 | REIT | $362M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | REIT sponsor | ||
| BIG Box Reit C, Inc 805-5559299396 | REIT | $362M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | REIT sponsor | ||
| BIG Box Reit a, Inc. 805-2496715490 | REIT | $336M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | REIT sponsor | ||
| BIG Box F-1 GP, Inc 805-8050253891 | fund | $302M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | |||
| BIG Box Core Reit III, Inc. 805-5300832618 | fund | $174M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | Core | ||
| BIG Box Reit F-2, Inc. 805-6235771295 | REIT | $95M GAV 2016 | 3 | 2016 to 2016 | 2016 | Unknown | REIT sponsor | ||
| Exeter-Core Industrial Venture, L.P. 805-3018961988, dropped 2019 | fund | $1M GAV 2018 | 3 | 2013 to 2018 | 2013 | Dropped from ADV | Core | ||
| Exeter Industrial Value Fund, L.P. 805-7921350383, dropped 2024 | fund | $242,326 GAV 2023 | 25 | 2012* to 2023 | unknown | Dropped from ADV | |||
| Exeter Industrial Value Fund II, L.P. 805-8387249752, dropped 2024 | fund | $184,877 GAV 2023 | 68 | 2012* to 2023 | unknown | Dropped from ADV |
What do they actually own?
29 trusted of 63 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| ES 7970 7980 BAYBERRY LLC FL, warehouse, distribution | manager only | 2 assessed $9.0M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 12075 PRITCHARD LLC FL, warehouse, distribution | manager only | 1 assessed $40.4M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 2121 NW 15TH LLC FL, warehouse, distribution | manager only | 1 assessed $26.1M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 6708 HARNEY LLC FL, warehouse, distribution | manager only | 1 assessed $43.4M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| ES 3850 OLD TAMPA LLC FL, warehouse, distribution | manager only | 1 assessed $8.4M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 8060 STATE ROAD 33 LLC FL, warehouse, distribution | manager only | 1 assessed $96.3M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| ES 3001 GATEWAY CENTRE LLC FL, light manufacturing | manager only | 1 assessed $13.7M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 2983 FAYE LLC FL, warehouse, distribution | manager only | 1 assessed $38.2M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 255 DYSON LP FL, light manufacturing | manager only | 1 assessed $3.3M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 401 ELLIS LLC FL, warehouse, distribution | manager only | 1 assessed $5.9M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 3750 CISCO LLC FL, warehouse, distribution | manager only | 1 assessed $36.1M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| ES 19925 INDEPENDENCE LLC FL, warehouse, distribution | manager only | 1 assessed $36.5M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 3501 FANCY FARMS LLC FL, warehouse, distribution | manager only | 1 assessed $35.7M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 750 JETSTREAM LLC FL, warehouse, distribution | manager only | 1 assessed $6.4M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 815 SOUTH 56TH LP FL, warehouse, distribution | manager only | 1 assessed $10.0M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 2300 PICKETTVILLE LLC FL, warehouse, distribution | manager only | 1 assessed $93.3M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 6011 31ST E LP FL, warehouse, distribution | manager only | 1 assessed $2.8M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 12200 PRESIDENTS LLC FL, warehouse, distribution | manager only | 1 assessed $117M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 3670 8TH LLC FL, warehouse, distribution | manager only | 1 assessed $104M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| ES 11530 NEW BERLIN LLC FL, warehouse, distribution | manager only | 1 assessed $69.8M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 4410 EAGLE FALLS LLC FL, warehouse, distribution | manager only | 1 assessed $16.1M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 7815 AMERICAN LLC FL, warehouse, distribution | manager only | 1 assessed $17.9M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 1000 MID FLORIDA LLC FL, warehouse, distribution | manager only | 1 assessed $28.1M | Address and agent owner's tax-bill address is the manager's headquarters to the suite or floor | |
| EXETER 1655 NORTHWEST 136 LLC FL, warehouse, distribution | manager only | 1 assessed $17.2M | Address and agent mailing_hq_building_suited | |
| EXETER 1111 30TH LLC FL, warehouse, distribution | manager only | 1 assessed $74.4M | Address and agent mailing_hq_building_suited | |
| EXETER 16670 16680 ORIOLE LLC FL, warehouse, distribution | manager only | 1 assessed $115M | Address and agent mailing_hq_building_suited | |
| EXETER 1121 31ST LLC FL, warehouse, distribution | manager only | 1 assessed $33.9M | Address and agent mailing_hq_building_suited | |
| EXETER 385 MYLES STANDISH LP MA | manager only | 1 assessed $13.6M | Name only owner name opens with the manager's brand, no second signal | |
| EXETER 61 ROBERT TREAT PAINE LLC MA | manager only | 1 assessed $7.4M | Name only owner name opens with the manager's brand, no second signal |
Properties the manager names on its site
- CenterLinks Business Park, Fort Myers, FL (industrial) “Nine state-of-the-art distribution buildings, located in Fort Myers, Florida, exemplifies EQT Real Estate’s commitment to acquiring and operating high-quality logistics assets in fast-growing, strategically positioned markets.”
- Meppen I, Meppen, North-West Germany (industrial) “In November 2024, EQT Real Estate ('EQT') simultaneously closed the acquisition of an 8-hectare greenfield site in Meppen, North-West Germany, and negotiated a lease agreement with CEVA Logistics”
- The Astrid, Bethesda, MD (multifamily) “The community consists of 562 Class-A apartments in two architecturally stylized 11-story buildings.”
- Campus Vicalvaro, Madrid, Spain (student_housing) “Madrid Vicálvaro student residence, which opened for the 2023-2024 academic year, is located next to the Rey Juan Carlos University Vicálvaro Campus.”
- Misato Logistics Distribution Center, Misato, Japan (industrial) “Misato Logistics Distribution Center is a brand-new, institutional-grade, box-type warehouse that exemplifies modern logistics capabilities.”
What are they buying, selling and financing?
6 acquisitions, 0 sales, 0 financings in 12 months
- AcquisitionMay 1, 2026$61.5M8060 HWY 33 N, Lakeland FL (warehouse, distribution) through EXETER 8060 STATE ROAD 33 LLCfl dor nal floridarevenue.com
- AcquisitionOct 1, 2025$71.7M12200 PRESIDENTS CT, Jacksonville FL (warehouse, distribution) through EXETER 12200 PRESIDENTS LLCfl dor nal floridarevenue.com
- AcquisitionMay 1, 2025$17.4M1121 NW 31 AVE, Pompano Beach FL (warehouse, distribution) through EXETER 1121 31ST LLCfl dor nal floridarevenue.com
- AcquisitionApr 1, 2025$87.0M16670/680 ORIOLE RD, Fort Myers FL (warehouse, distribution) through EXETER 16670 16680 ORIOLE LLCfl dor nal floridarevenue.com
- AcquisitionJul 3, 2024$30.5Mthrough EXETER 385 MYLES STANDISH LPre core owners no URL
- AcquisitionSep 11, 2018$1through EXETER 61 ROBERT TREAT PAINE LLCre core owners no URL
Who finances them?
0 loans, 0 lender groups
No recorded loans through trusted holdings.
Who backs them?
1 allocators, 5 rows
- New York State Common Retirement Fund in EQT Exeter Industrial Value Fund VI exact_name$150M fair value, as of Mar 31, 2025 osc.ny.gov
- New York State Common Retirement Fund in Exeter Europe Industrial Core Fund manager_brand$141M fair value, as of Mar 31, 2025 osc.ny.gov
- New York State Common Retirement Fund in Exeter Europe Logistics Value Fund IV manager_brand$124M fair value, as of Mar 31, 2025 osc.ny.gov
- New York State Common Retirement Fund in Exeter Europe Value Venture III manager_brand$3.3M fair value, as of Mar 31, 2025 osc.ny.gov
- New York State Common Retirement Fund in Exeter Europe Logistics Value Fund IV S.C.Sp. exact_nameno amount printed, as of Apr 27, 2021 osc.ny.gov
People
Form ADV Schedule A, latest filing
- Barry Eamon Breen Chief Compliance Officer since 2016-05
- John Peter Lloyd Director, Chief Financial Officer since 2021-03 also on pe
- Brian Michael Fogarty Director since 2021-04
- Henry Steinberg Director, President since 2024-09
- Matthew Joseph Brodnick Director, Chief Investment Officer since 2024-09
What is changing?
- Vehicle dropped from ADV Mar 29, 2024 (observed) Exeter Industrial Value Fund II, L.P. no longer reported on Form ADV by Exeter Property Group, LLC
- Vehicle dropped from ADV Mar 29, 2024 (observed) Exeter Industrial Value Fund, L.P. no longer reported on Form ADV by Exeter Property Group, LLC
- Vehicle first reported Mar 31, 2023 (observed) EQT Exeter Industrial Value Fund VI, LP first reported on Form ADV by Exeter Property Group, LLC, GAV $17,991,314
- Vehicle dropped from ADV Mar 31, 2022 (observed) Exeter Europe Multi-Family I S.C.SP. no longer reported on Form ADV by Exeter Property Group, LLC
- Vehicle dropped from ADV Mar 31, 2022 (observed) Exeter Europe Multi-Family II S.C.SP. no longer reported on Form ADV by Exeter Property Group, LLC
- Vehicle first reported Mar 31, 2022 (observed) EQT Exeter Industrial Core-Plus Fund IV LP first reported on Form ADV by Exeter Property Group, LLC
- Vehicle first reported Mar 31, 2021 (observed) Exeter Europe Logistics Value Fund IV, S.C.SP. first reported on Form ADV by Exeter Property Group, LLC
- Vehicle first reported Mar 31, 2021 (observed) Exeter Office Value Fund II, LP first reported on Form ADV by Exeter Property Group, LLC
- Vehicle first reported Mar 31, 2021 (observed) EM P28 Opportunities Fund, LP first reported on Form ADV by Exeter Property Group, LLC, GAV $32,509,371
- Vehicle first reported Aug 7, 2020 (observed) Exeter Europe Industrial Core Fund S.C.SP. first reported on Form ADV by Exeter Property Group, LLC
- Vehicle first reported Mar 31, 2020 (observed) Exeter Europe Multi-Family II S.C.SP. first reported on Form ADV by Exeter Property Group, LLC, GAV $42,791,492
- Vehicle first reported Mar 31, 2020 (observed) Exeter Industrial Value Fund V, LP first reported on Form ADV by Exeter Property Group, LLC
- Vehicle first reported Mar 26, 2019 (observed) Exeter Europe Multi-Family I S.C.SP. first reported on Form ADV by Exeter Property Group, LLC, GAV $32,231,834
- Vehicle first reported Mar 26, 2019 (observed) Exeter Industrial Core Fund III, L.P. first reported on Form ADV by Exeter Property Group, LLC, GAV $1,386,559,437
- Vehicle dropped from ADV Mar 26, 2019 (observed) Exeter-Core Industrial Venture, L.P. no longer reported on Form ADV by Exeter Property Group, LLC
- Vehicle first reported Mar 26, 2019 (observed) Exeter Office Value Fund, L.P. first reported on Form ADV by Exeter Property Group, LLC, GAV $17,190,706
- Vehicle first reported Mar 29, 2018 (observed) Exeter Europe Value Venture III S.C.SP. first reported on Form ADV by Exeter Property Group, LLC, GAV $278,000,000
- Vehicle first reported Mar 30, 2017 (observed) Exeter Industrial Value Fund IV, L.P. first reported on Form ADV by Exeter Property Group, LLC, GAV $2,604,488
- Vehicle first reported Aug 25, 2016 (observed) Exeter Core Industrial Club Fund II, L.P. first reported on Form ADV by Exeter Property Group, LLC, GAV $474,747,474
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Reit D, Inc. first reported on Form ADV by Exeter Property Group, LLC, GAV $401,531,742
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Core Reit III, Inc. first reported on Form ADV by Exeter Property Group, LLC, GAV $173,935,196
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Reit F-2, Inc. first reported on Form ADV by Exeter Property Group, LLC, GAV $94,716,491
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Core Reit I, Inc. first reported on Form ADV by Exeter Property Group, LLC, GAV $387,083,279
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Reit B, Inc. first reported on Form ADV by Exeter Property Group, LLC, GAV $361,873,927
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Reit C, Inc first reported on Form ADV by Exeter Property Group, LLC, GAV $361,692,206
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Reit a, Inc. first reported on Form ADV by Exeter Property Group, LLC, GAV $336,464,876
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Core Reit II, Inc. first reported on Form ADV by Exeter Property Group, LLC, GAV $372,450,072
- Vehicle first reported Mar 30, 2016 (observed) BIG Box F-1 GP, Inc first reported on Form ADV by Exeter Property Group, LLC, GAV $302,371,188
- Vehicle first reported Mar 30, 2016 (observed) BIG Box Reit E, Inc. first reported on Form ADV by Exeter Property Group, LLC, GAV $386,612,927
- GAV reading quarantined Mar 31, 2015 (observed) Exeter-Core Industrial Venture, L.P.: 2015 gross asset value $735,512,126 quarantined (vehicle_gav_year_outlier)
Across DFX
Bridged by shared CRD, CIK or SEC fund id only; the same institution’s PE portfolio companies and its real estate holdings stay on their own graphs.