- The $241M sale to EQT Real Estate marks Mapletree’s second US warehouse portfolio divestment in 2025, following a $328M sale in June.
- The 10-asset industrial portfolio is spread across high-growth cities in Georgia, Florida, and Texas, underscoring continued demand in Sun Belt logistics hubs.
- The portfolio was part of Mapletree’s MUSEL fund, representing the second exit milestone for its investors and reinforcing its logistics sector performance.
Another Big Exit
Mapletree Investments has completed the sale of a 2.4M SF industrial portfolio to EQT Real Estate for $241.2M, reports IREI. The portfolio comprises 10 bulk warehouse properties located across key Sun Belt markets including Georgia, Florida, and Texas. The deal is expected to close fully by the end of 2025.
Second Deal In 2025
This is Mapletree’s second US industrial divestment this year. In June, the firm sold a 1.8M SF portfolio of shallow-bay warehouses across 30 buildings for $328M. Both sales reflect the company’s ongoing efforts to realize value from its US logistics holdings while capitalizing on investor demand for Sun Belt industrial real estate.
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The Role Of MUSEL
The divested assets were part of the Mapletree US & EU Logistics Private Trust (MUSEL), a closed-end fund launched in 2019. MUSEL’s portfolio originally included 262 logistics properties across the US and Europe, strategically located near key transit corridors and tailored to tenants in e-commerce and logistics. This sale represents the fund’s second milestone exit for investors.
Transaction Details
Eastdil Secured’s team—Clayton Skistimas, Christina Buhl, Marc Alfert, Mark Chu, and Steve Silk—advised Mapletree in the transaction. While financial terms were not broken down by market, the average sale price PSF is approximately $100.
Looking Ahead
Mapletree continues to view the US as a core market, managing 70M SF of industrial assets nationwide. As of March 2025, its US portfolio accounted for 25% of the firm’s total $60.1B in global assets under management.
Why It Matters
The transaction illustrates ongoing institutional appetite for well-located industrial assets in the Sun Belt. Logistics demand in the region remains strong due to population growth, proximity to ports, and e-commerce trends. It also signals that Mapletree is shifting from value creation to capital recycling in its US logistics strategy.
