Faropoint, a U.S. industrial real estate investment manager, has successfully closed its flagship Industrial Value Fund III with $915 million in commitments. This exceeds the fund’s initial target of $750 million and showcases Faropoint’s strong reputation as a leader in the industry.
The fund has attracted investments from top institutions across North America, Europe, and the Middle East including public pension plans and insurance firms. With over 80 urban industrial warehouses already acquired across 12 U.S. markets, Fund III aims to acquire more than 200 warehouses during its deployment period.
Through transactions averaging under $10 million each, the fund is diversifying its assets by targeting different markets, sectors, tenants,vintages,and build types.
According to Faropoint CEO Adir Levitas,”Exceeding our fundraising target for Industrial Value Fund III demonstrates our investors’ confidence in our strategy and execution capabilities.” He further adds that their focus on urban logistics combined with advanced data analysis tools allows them to capitalize on off-market opportunities while optimizing risk-adjusted returns.
Global placement agent Threadmark Partners Limited supported this successful fundraising effort for Faropoint’s Industrial Value Fund III.
