Partnership signals continued confidence in the last-mile industrial sector and reinforces Faropoint’s data-driven approach to urban infill industrial.
Faropoint has purchased a two-property industrial portfolio in Northern New Jersey consisting of 10 buildings totaling 770,064 SF, across 68 acres.
With commitment from fourteen financial institutions, led by KeyBank, J.P. Morgan, and Citizens Bank, real estate investment manager is primed to seize opportunities amidst new market conditions
Faropoint, which was launched in Tel Aviv 10 years ago, is expanding into new markets in the U.S. and accessing new types of investors with its focus on smaller last-mile facilities in growing urban markets.
Faropoint, a real estate investment firm focused on last-mile industrial properties, has sold 109 institutional-quality, last-mile logistics buildings to a private buyer for $481 million. The portfolio consists of 6.8 million square feet of warehouse space largely concentrated in Atlanta, Philadelphia, Houston and Memphis.
Justin from Lee & Associates welcomes Jordan Kovalsky from Faropoint to discuss growing an industrial platform. Jordan discusses her investment strategies while growing in the Chicago market and what comes next for Faropoint.