Faropoint said on Wednesday that it launched the fourth round of its flagship Industrial Value Fund 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).
According to a press release issued by the Hoboken-based developer, Fund IV follows its predecessor, Fund III, which raised $916 million (including $29m in co-investments), surpassing its $750 million target, and is now mostly deployed across approximately 200 properties representing $1.8 billion in Gross Asset Value (GAV). Fund IV will continue its pure play strategy and capitalize on ongoing urban logistics tailwinds, as well as the sector’s fragmented and largely uninstitutionalized nature, which has high entry barriers for traditional investors.
What comes from such a fund? Faropoint is looking to assemble a portfolio of 200–250 assets, primarily targeting suite sizes between 20,000 and 40,000 square feet, with a property size of 20,000-100,000 square feet. The monies will invest across gateway, primary, and select secondary U.S. markets, applying Faropoint’s proprietary sourcing and pipeline management system, FarOS, to identify and transact on high-value opportunities with speed and precision.
The Fund’s primary strategy remains mark-to-market, particularly in markets where in-place rents are materially below market.
“Fund IV represents our ongoing commitment to pairing local market expertise with cutting-edge technology to drive value while attempting to minimize downside risk,” Adir Levitas, CEO of Faropoint said. “With access to over $30–40 billion in deal flow annually through FarOS and market insight driven by REXy, we believe we are uniquely positioned to construct diversified portfolios that reflect secular urban logistics trends and dynamic tenant needs.”
“In today’s challenging fundraising environment, we’re genuinely humbled by the strong support we’ve received from both long-standing partners and new institutional investors,” Raz Rahamim, global head of capital development said. “We believe this speaks not only to the compelling long-term fundamentals of urban logistics, but also to the trust placed in Faropoint’s disciplined and technology-driven approach to navigating a fragmented and operationally complex sector.”
The initial close for Fund IV occurred in June 2025, and Faropoint is actively pursuing acquisition and development opportunities across its target markets.
