Faropoint, a vertically integrated real estate investment manager focused on urban logistics, has launched 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.
Fund IV follows its predecessor, Fund III, which raised $916 million, surpassing its $750-million target. Targeting properties between 20,000 and 100,000 square feet, the new fund will continue Hoboken, NJ-based Faropoint’s pure-play strategy and capitalize on ongoing urban logistics tailwinds, along with the sector’s high entry barriers for traditional investors.
The fund will apply Faropoint’s proprietary sourcing and pipeline management system, FarOS, to identify and transact on high-value opportunities. Faropoint’s REXy, an in-house AI-driven asset valuation and mark-to-market underwriting engine, will continue to play a central role in optimizing portfolio construction and underwriting discipline.
“Fund IV represents our ongoing commitment to pairing local market expertise with cutting-edge technology to drive value while attempting to minimize downside risk,” said Adir Levitas, CEO of Faropoint.
Pictured: A three-building portfolio in Stone Mountain, GA that Faropoint acquired in 2024. Photo courtesy of JLL.
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