Hoboken-based Faropoint, a tech-enabled real estate investment manager, announced Monday that APG Asset Management N.V. (APG) has made the largest commitment to date for its Industrial Value Fund IV. The investment, made on behalf of pension fund client ABP, marks APG’s first partnership with Faropoint and underscores the growing institutional appetite for “last-mile” urban logistics.
Fund IV launched in June 2025 with an ambitious $1 billion fundraising target. With the addition of APG’s capital, Faropoint is progressing steadily toward that goal, diversifying a global investor base that already includes the Teacher Retirement System of Texas.
Faropoint specializes in “shallow-bay” industrial warehouses—properties typically under 100,000 square feet located in supply-constrained urban corridors. To manage the complexity of acquiring hundreds of smaller assets, the firm utilizes a proprietary tech stack:
- FarOS: A sourcing platform that leverages deep market relationships to find off-market deals.
- REXy: An AI-driven underwriting engine that enables rapid, disciplined analysis of potential acquisitions.
The fund’s objective is to assemble a diversified portfolio of 200–250 assets, primarily targeting suites between 20,000 and 40,000 square feet. This size bracket has historically outperformed the broader “big-box” industrial sector due to limited new supply and high demand from e-commerce and local distribution networks.
The commitment from APG arrives as Faropoint demonstrates significant deployment speed. To date, Fund IV has already acquired or contracted 30 properties totaling 1.72 million square feet across nine U.S. markets, representing approximately $284 million in investment value.
“Faropoint Industrial Value Fund IV offers a compelling way to expand ABP’s private investment portfolio into the last-mile logistics segment,” Steven Hason, managing director and head of Americas Real Assets at APG said. “The strategy is supported by Faropoint’s data-driven execution and strong local sourcing capabilities.”
Raz Rahamim, Faropoint’s global head of Capital Development, noted that the firm’s competitive edge lies in combining field expertise with proprietary technology to deliver consistent results for institutional partners.
As supply chains continue to reconfigure for speed, urban distribution centers have become essential infrastructure. By focusing on “mark-to-market” opportunities—where existing rents are significantly below current market rates—Faropoint aims to capture immediate value while maintaining a strategic development sleeve for core markets.
Since its inception in 2012, Faropoint has acquired over 550 warehouses, amassing a portfolio valued at more than $4 billion. With 120 employees across 16 U.S. markets, the firm remains one of the most active vertically integrated managers in the urban logistics space.
