Faropoint Closes Flagship Urban Industrial Value Fund III with $915 Million, Exceeding Target Fund Size and Attracting Top-Tier Global Investors

Fundraising Efforts Reinforce Faropoint as US Industrial Real Estate Leader

HOBOKEN, N.J., June 27, 2024--(BUSINESS WIRE)--Faropoint, a leading tech-enabled, US industrial real estate investment manager, announces the 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 premier institutions across North America, Europe, and the Middle East, including public pension plans and insurance firms, underscoring Faropoint's strong market reputation and track record. This successful fundraise follows the prior successes of Faropoint's Value Funds I and II, which pursued a similar strategy of aggregating institutionally inaccessible assets to achieve a premium through a portfolio sale.

To date, Fund III has acquired over 80 urban industrial warehouses across 12 US 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 to optimize portfolio composition.

"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 Adir Levitas, CEO of Faropoint. "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."

"Despite a challenging fundraising environment, the successful closing of Fund III marks a significant milestone for Faropoint," added Raz Rahamim, Global Head of Capital Development and Investor Relations of Faropoint. "Our unique strategy and resilient asset class have attracted significant investor commitments from multiple continents, validating our investment approach and operational expertise. This achievement is a testament to the dedication and hard work of our exceptional team, whose efforts have been instrumental in driving our success. We are excited to continue building on this momentum and delivering exceptional results for our investors."

As Faropoint continues to grow and expand its portfolio, the firm remains committed to delivering exceptional value and performance to its investors through strategic acquisitions and efficient management of industrial assets.

Threadmark Partners Limited supported the fundraising as the global placement agent.

For more information contact Ori Regev, VP Capital Development at ori@faropoint.com.

About Faropoint

Faropoint is a tech-enabled, vertically integrated real estate investment manager with a focus on urban logistics in the US industrial sector. With 120 employees, the company uses data and deep market relationships to target inefficiencies solvable through technology and local expertise. Operating in 16 strategic markets across the East Coast, Midwest, Southwest, Texas, and California, Faropoint specializes in securing off-market deals through its extensive broker network and strong local presence. Since its inception in 2012, Faropoint has acquired over 400 warehouses, managing more than $2.5 billion in assets, including uncalled commitments. For more information or acquisition inquiries, visit Faropoint.com.

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Contacts

Investor Relations:
Ori Regev
Faropoint | VP, Capital Development
ori@faropoint.com