Faropoint

We are pleased to announce our latest acquisition: 1060 N. Garfield, a 49,995 SF high-quality, multi-tenant industrial building in Lombard, IL. Key highlights: ✅ Sourced off-market ✅ Prime location in the West Suburbs submarket of Chicago ✅ 19' clear height with dock-high and drive-in doors for each suite ✅ Fully occupied by five tenants This strategic acquisition strengthens our presence in the highly sought-after West Suburbs submarket. Lombard's prime location offers tenants: ✅ Proximity to major thoroughfares like North Avenue ✅ Easy access to I-290 and I-355 ✅ Convenient routes to O'Hare area and affluent western Chicago suburbs ✅ Attractive net rents comparable to neighboring areas Additionally, the property's exceptional features, including its rare 19-foot clear height for a multi-tenant building, set it apart in this competitive market. Per Kiefer Price, Director of Acquisitions: "This transaction exemplifies our ability to leverage strong broker relationships and act swiftly on off-market opportunities. The property's exceptional features and strategic location in DuPage County position us well for long-term value creation." Thank you to our Chicago Faropoint team - Kiefer Price, Ahmed Chapsi, Scott Chiero, Maddy Austin & Joe Shea - who worked diligently to secure this opportunity. We extend our gratitude to Brian Silverman of JBS Commercial Real Estate for his instrumental role in facilitating this transaction. --- ⏩ Follow Faropoint for the latest insights at the intersection of industrial real estate and technology. #ReimaginingRealEstate #IndustrialRealEstate #IndustrialCRE #Acquisition #Faropoint #LastMile #IndustrialInnovation #RealEstate Jordan Nathan (Kovalsky)

We’re pleased to announce the acquisition of a property in northern Columbus! Thank you to our incredible team and partners for bringing this transaction to the finish line: ✴ Faropoint: Jordan Nathan (Kovalsky), Ahmed Chapsi, Kiefer Price, Scott Chiero & Matthew Bernstein ✴ Colliers: Zach Rines, Ben Johnson, SIOR, & Morgan Rectenwald ✴ Newmark: Andrew Montooth, CCIM & Tom Sugar

Thank you Jonathan A. Schein CRE® and RELPI | Interests Aligned® for the feature!

Thank you for the feature Commercial Property Executive!

Thanks for the feature Real Estate NJ!

We are pleased to announce the launch of our new $300 million Industrial Sale-Leaseback ("SLB") Fund, following the recent final close of our Industrial Value Fund III which secured $915 million in commitments, exceeding its $750 million target. Key highlights: ✴ Current raise of $170 million in committed capital ✴ Focus on well-located, long-term leased infill US industrial assets ✴ Initial 12 building portfolio totaling approximately 1 million SF of assets acquired / under-contract Adir Levitas, CEO, comments on the fund's launch: "This fund is strategically timed to meet the growing demand for sale-leaseback transactions in today's evolving financial landscape. With tightening credit markets and rising interest rates, we're seeing increased interest from businesses looking to unlock capital while maintaining operational control of their real estate assets." This fund launch represents a collaborative effort across our entire organization, from deal sourcing using our proprietary acquisition software and capital raising to structuring innovative debt solutions and implementing robust reporting frameworks. Raz Rahamim, Global Head of Capital Development & Investor Relations, adds: "This fund meets investors' increased demand for debt-related vehicles in the current high-interest rate environment. By leveraging our strengths in sourcing off-market opportunities, we're able to provide a solution that capitalizes on market debt needs while maintaining the low risk profile of supply-constrained infill industrial assets." Read the full press release published by Institutional Real Estate, Inc. to learn more about how we're leveraging our expertise and technology to create value in this high-demand sector. Link to PR in comments. ___ ⏩ Follow Faropoint for the latest insights at the intersection of industrial real estate and technology. #ReimaginingRealEstate #IndustrialRealEstate #SaleLeaseback #SLB #Faropoint

At Faropoint, we see firsthand the impact of America's industrial workforce every day. This Labor Day, we're highlighting the backbone of the American economy, the often-unsung people who keep our supply chains moving and our economy growing. From the skilled technicians maintaining facilities to the logistics experts coordinating shipments, your work is foundational to our nation's success. To all who make, move, and innovate in America's industrial sector: your dedication drives us forward. Here's to you! #LaborDay #WorkforceSalute #ReimaginingRealEstate #IndustrialRealEstate #IndustrialInnovation #LastMile

Faropoint completes $105M acquisition of 16 buildings portfolio A great addition to our Value-Add Fund III, as we continue to build and optimize the fund's portfolio. Great execution by our investment team, demonstrating the firm's ability to source and close high-quality and complex deals efficiently and seamlessly. We’re committed to fostering strong partnerships with top-tier financial institutions as we actively structure over $1B in real estate financing through a mix of credit lines, sublines, and permanent loans to drive superior portfolio performance. Stay tuned for more exciting updates! https://lnkd.in/eHVp5u5A HOBOKEN, N.J., August 28, 2024--Faropoint, a leading tech-enabled US industrial real estate investment manager, today announced the off-market acquisition of a...

🌟 Summer Conference Recap! Our team had the honor of connecting with incredible thought leaders across the industry at some major events over the past two months. Here’s a recap: 🔶 Ai4 - Artificial Intelligence Conferences (August) - Doris Pitilon, CTO, presented on the transformative power of data and AI in the real estate sector. Doris shared insights on how Faropoint leverages advanced tools to drive real value through strategic technology integration and the importance of building the right product. Yuval Merims 🔶 JCON Conferences Real Estate Summit (July) - Itay Ron, SVP, Northeast Markets, participated in a vibrant panel of seasoned real estate professionals, covering all topics of commercial real estate. 🔶 NAIOP's East Coast industrial conference I.CON East (July) - Itay Ron further highlighted the impact of Class B industrial assets, exploring the significant market performance and rent growth trends over the recent period. At Faropoint, our curiosity fuels us to develop industry innovations, helping us push the industry forward. We’re passionate about sharing our knowledge and building meaningful relationships to shape the future of real estate together. ___ ⏩ Follow Faropoint for the latest insights at the intersection of industrial real estate and technology. #Faropoint #ReimaginingRealEstate #RealEstate #AI #Innovation #Industrial #jcon2024

✴ Portfolio Acquisition ✴ Faropoint is pleased to announce the acquisition of a 16-building portfolio across Jacksonville, FL and Memphis, TN. This $105 million off-market transaction adds 1.75 million square feet of prime industrial space to our growing portfolio. This acquisition, comprising four buildings in Jacksonville and twelve in Memphis, further enhances our presence in key Southeast markets and aligns with our strategy of sourcing off-market, functional industrial properties in high-demand submarkets. Ohad Porat, Chief Investment Officer, comments: "This portfolio acquisition demonstrates our ability to identify and act on unique opportunities that align with our forward-thinking investment strategy." This acquisition was led by Yannai Gordon, Senior Vice President, who notes: "Our team demonstrated exceptional efficiency, completing due diligence across 16 buildings and 45 suites, and successfully closing the deal in under 45 days. This transaction underscores our capability to swiftly execute in multiple markets and secure off-market opportunities in a highly competitive landscape. We look forward to integrating these strategically located assets in Memphis and Jacksonville into our expanding national portfolio." A big thank you to our dedicated team members who made this possible: Yannai Gordon, Zev Fagan, James Mendel, Gabriel Kisber, Karlie Calhoun, Josh Tipton, and Scott Chiero and all members of our Southeast team for leading this deal! Thank you to Eastdil Secured for brokering this transaction and to Brookfield Asset Management for their partnership in bringing this deal across the finish line. ... ⏩ Follow Faropoint for the latest insights at the intersection of industrial real estate and technology. #ReimaginingRealEstate #IndustrialRealEstate #Acquisition #Faropoint