Faropoint exceeds target with $915 million Industrial Value Fund III

US industrial real estate investment manager Faropoint has reached the final close of its flagship Industrial Value Fund III with commitments of $915 million, exceeding its target of $750 million. The fund has secured investments from leading institutions across North America, Europe and the Middle East, including government pension funds and insurance companies.

To date, Fund III has acquired more than 80 urban industrial warehouses in 12 U.S. markets and intends to acquire more than 200 warehouses during its life. With transactions averaging under $10 million, the Fund diversifies its assets across different markets, sectors, tenants, vintages and construction types.

“Exceeding our funding target for Industrial Value Fund III is a testament to our investors’ confidence 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, puts us in a unique position to optimize risk-adjusted returns.”

Threadmark Partners Limited supported the fundraising as global placement agent.