Faropoint, a U.S. industrial real estate investment manager, has successfully closed its flagship Industrial Value Fund III with $915 million in commitments. This surpasses the fund’s initial target of $750 million and is a testament to the confidence that leading institutions across North America, Europe, and the Middle East have in Faropoint’s strategy.
Fund III has already acquired over 80 urban industrial warehouses in 12 different U.S. markets and plans to acquire more than 200 warehouses throughout its deployment period. With an average transaction size of under $10 million, the fund is diversifying its assets across various markets, sectors, tenants,vintages,and build types.
According to Faropoint CEO Adir Levitas,”Exceeding our fundraising target for Industrial Value Fund III showcases our investors’ trust in our ability to execute on our strategy.” He also highlights their focus on urban logistics and their expertise in identifying off-market opportunities as key factors contributing to their success. Additionally,the use of advanced data analytics tools such as machine learning sets them apart from other investment managers and enables them to optimize risk-adjusted returns.
The global placement agent for this fundraising was Threadmark Partners Limited.
