Mapletree Investments has sold a collection of East Coast warehouses to EQT Real Estate for $575M.

The 4.4M SF portfolio is made up of 25 warehouses throughout the East Coast, including facilities in Connecticut, New Jersey, North Carolina, Georgia and Florida, according to a release from Mapletree.

EQT described the warehouses as ideal for logistics, with the portfolio featuring a mix of single-tenant and multitenant facilities as well as smaller shallow-bay and larger bulk warehouse footprints.

"This investment reflects our high-conviction, thematic approach to investing in infill logistics across the U.S., where we see strong long-term demand for well-located industrial assets," EQT Real Estate Chief Investment Officer Matthew Brodnik said in a statement.

Twenty-four of the assets were held under Mapletree US & EU Logistics Private Trust, a closed-end private fund launched in 2019. The 25th asset was part of Mapletree US Logistics Private Trust, another closed-end private fund launched in 2021.

This transaction is Mapletree's fourth U.S. warehouse portfolio sale in the past year, according to a release from the firm. In 2025, it sold off a total of $691.1M of logistics assets.

After this sale, Mapletree still owns and manages more than 66M SF of U.S. industrial assets. As of March 31, 2025, the U.S. accounted for approximately 25% of Mapletree's total assets under management, valued at roughly $60B.

"Looking ahead, we remain confident in the logistics sector’s longterm fundamentals as we advance new development opportunities nationwide to grow our pipeline," Mapletree U.S. CEO Richard Prokup said in a statement.

Mapletree has a U.S. development pipeline of approximately 2.6M SF.

The sale will be totally complete by the end of this month, when the remaining asset sales are scheduled to close, Mapletree said.

John Huguenard, Trent Agnew and Will McCormack of JLL represented Mapletree in the transaction.