Articles from Faropoint

Faropoint, a tech-enabled real estate investment manager specializing in last-mile industrial warehouses, announced today that APG Asset Management N.V. (“APG”), on behalf of pension fund client ABP, has made the largest commitment to its Industrial Value Fund IV to date.

Faropoint, a leading tech-enabled real estate investment firm focused on last-mile industrial properties in high population growth markets, received $273 million of financing proceeds from a bank syndicate led by Capital One and J.P. Morgan for Project Walk-Off, a 61-asset portfolio of light / infill industrial properties totaling nearly 3.5 million square feet. This loan represents the largest portfolio refinance by Faropoint to date by number of assets, following a 46-asset refinance closed earlier this year in Fund III.

Faropoint, a leading tech-enabled real estate investment firm focused on last-mile industrial properties, has secured a $600 million acquisition credit facility for its Industrial Value Fund IV. The credit facility is led by KeyBank National Association, as Administrative Agent, with JP Morgan, Capital One, Truist Bank, and Citizens Bank serving as co-lead arrangers.

Faropoint, a leading tech-enabled real estate investment firm focused on last-mile industrial properties in high population growth markets, announced today that it has secured a $340 million loan from Truist Bank & U.S. Bank for 46 assets in its Industrial Value Fund III. This refinancing represents the largest single transaction completed by Faropoint to date, following the acquisition of the $328M portfolio from Mapletree in June, which is the largest acquisition by Faropoint to date.

Faropoint, a vertically integrated real estate investment manager focused on urban logistics, announced the launch of its flagship Industrial Value Fund IV, targeting $1 billion in capital commitments. The Fund and its sidecar have secured a combined $225 million in seed commitments from the Teacher Retirement System of Texas (TRS).

Faropoint, a tech-enabled real estate investment manager specializing in last-mile industrial properties in high population growth markets, today announced the appointment of Will Westhoff as Senior Vice President and Market Officer for the Midwest region. In this role, Mr. Westhoff will oversee acquisitions, asset management, and construction practices for Faropoint's growing Midwest portfolio, which currently encompasses approximately 4 million square feet across 60 assets.

Faropoint, a leading tech-enabled real estate investment manager specializing in last-mile industrial properties, today announced the acquisition of a four-building, multi-tenant industrial portfolio in Ontario, California further expanding Faropoint's presence in the Southern California market.

Faropoint, a leading tech-enabled real estate investment manager specializing in last-mile industrial properties, today announced its first acquisition in Los Angeles with the purchase of a multi-tenant industrial building located at 605-655 Hawaii Avenue in Torrance, California. The property was acquired for $9.975 million.

Tech-Enabled Firm to Develop 73,800 SF Class A Industrial Property in Strategic Location

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New VP of Acquisitions, Harold Levy, to Lead West Coast Growth Strategy

Faropoint, a leading tech-enabled real estate investment firm focused on last-mile industrial properties in high population growth markets, announced today that it has secured a $150 million acquisition line with a leading U.S. financial institution for its Industrial Sale-Leaseback (ISLB) Fund. This marks the second loan facility provided to Faropoint by this institution, following a previous $130 million facility for Fund II, further strengthening their strategic partnership.

Faropoint, a leading tech-enabled real estate investment firm focused on last-mile industrial properties in high population growth markets, announced today that it has secured an $81.5 million loan from Blackstone for 16 properties in its Industrial Value Fund III. This refinancing follows the successful final close of Fund III in June, which raised $915 million, exceeding its $750 million target.

Faropoint, a leading tech-enabled US industrial real estate investment manager, announces the launch of its $300 million target Industrial Sale-Leaseback (“SLB”) Fund. This announcement follows the recent final close of Faropoint's Industrial Value Fund III at $915 million, exceeding its $750 million target and attracting premier institutions across North America, Europe, and the Middle East.

Faropoint, a leading tech-enabled US industrial real estate investment manager, today announced the off-market acquisition of a 16-building portfolio across two key logistics markets, Jacksonville, FL, and Memphis, TN. The portfolio, totaling 1.7 million square feet, was acquired for $105 million. The transaction was brokered by Eastdil Secured and completed in less than 45 days.

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.

Faropoint, a leading infill industrial investment manager, announced today it has closed on a strategic investment from Invesco Real Estate, a global real estate investment manager, who acquired a minority stake in Faropoint’s Platform. The transaction was structured by Invesco Real Estate’s Platform Investments team, led by Andrew Lane, Senior Director.

Faropoint, a leading real estate investment management firm focused on last-mile properties in high population growth markets, today announced it has secured $1.57 billion in funding over the past 14 months through several credit facilities. The facilities were led by KeyBank, as Left Lead Arranger and Administrative Agent, alongside J.P. Morgan and Citizens Bank, as Joint Lead Arrangers on certain facilities, and a syndicate of 11 participant banks.

Faropoint, a leading real estate investment firm focused on last-mile industrial properties in high population growth markets, today announced the sale of 109 institutional-quality, last-mile logistics buildings to a private buyer for $481 million. The portfolio consists of 6.8 million square feet of warehouse space largely concentrated in Atlanta, Philadelphia, Houston and Memphis.

Faropoint, a leading real estate investment firm focused on last-mile industrial properties in high population growth markets, today announced it has acquired a 10-building portfolio located throughout Northern New Jersey from Kushner Companies for $132.5 million, as part of the company’s continued national expansion.