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Faropoint Exceeds Target with $915M Industrial Value Fund III
U.S. industrial real estate investment manager Faropoint has reached final close of its flagship Industrial Value Fund III with $915 million in commitments, exceeding its $750-million target. The fund has secured investments from leading institutions across North America, Europe, and the Middle East, including public pension plans and insurance firms.
To date, Fund III has acquired more than 80 urban industrial warehouses across 12 U.S. markets, and aims to acquire more than 200 warehouses throughout its deployment period. With transactions averaging under $10 million, the Fund is diversifying its assets across different markets, sectors, tenants, vintages and build types.
“Exceeding our fundraising target for Industrial Value Fund III is a testament to the confidence our investors have in our strategy and execution capabilities,” said Faropoint CEO Adir Levitas. “Our focus on urban logistics and our ability to capitalize on off-market opportunities, combined with our advanced data and machine learning tools, uniquely positions us to optimize risk-adjusted returns.”
Threadmark Partners Limited supported the fundraising as the global placement agent.
- ◦Sale/Acquisition
- ◦Financing
