Faropoint Successfully Closes Industrial Value Fund III with $915 Million in Commitments

Faropoint, a leading tech-enabled US industrial real estate investment manager, has announced the successful final close of its flagship Industrial Value Fund III, surpassing its initial $750 million target by securing $915 million in commitments. The fund attracted investments from prominent institutions across North America, Europe, and the Middle East, including public pension plans and insurance firms, highlighting Faropoint's strong market reputation and track record.

Fund III has already acquired over 80 urban industrial warehouses across 12 US markets, with plans to acquire more than 200 warehouses throughout its deployment period. The fund aims to diversify its assets across different markets, sectors, tenants, vintages, and build types to optimize portfolio composition. 

Faropoint, with 120 employees, focuses on urban logistics in the US industrial sector and operates in 16 strategic markets, specializing in securing off-market deals through its extensive broker network and strong local presence. Since its establishment in 2012, Faropoint has acquired over 400 warehouses, managing more than $2.5 billion in assets. The firm remains committed to delivering exceptional value and performance to its investors through strategic acquisitions and efficient management of industrial assets.  Read the full press release here.