Faropoint, a tech-enabled real estate investment firm specializing in last-mile industrial properties, has obtained a $600 million acquisition credit facility for its Industrial Value Fund IV, led by KeyBank National Association.
The credit facility will support Faropoint’s Industrial Value Fund IV, which launched in June 2025 with a $1 billion target. This fund continues the firm’s strategy of acquiring and enhancing last-mile urban logistics properties to build institutional-grade portfolios across key U.
S. markets. KeyBank National Association serves as the administrative agent for the facility, with JP Morgan, Capital One, Truist Bank, and Citizens Bank acting as co-lead arrangers.
The facility is structured to provide operational efficiency and scalability, allowing for assets to be added over time as they are acquired. Its availability will unlock progressively as the portfolio’s Net Operating Income (NOI) grows, aligning capital deployment with the fund’s value creation timeline. The financing arrangement is a two-year facility that includes three one-year extension options, providing up to five years of financing availability.
Idan Tzur, Chief Financial Officer at Faropoint, stated, “This $600 million acquisition facility represents a significant step forward for Fund IV and provides us with the flexible capital structure needed to execute on our acquisition pipeline.” He added that the facility’s scalable design allows for efficient capital deployment as opportunities arise, while optimizing the cost of capital as assets stabilize and generate income.
Mark DeCesare, Head of Corporate Finance at Faropoint, highlighted the significance of the syndicate. “What makes this facility particularly meaningful is that every lead bank in this syndicate is a repeat relationship lender that has participated in multiple financings with us across multiple funds,” DeCesare noted. He emphasized that KeyBank, JP Morgan, Capital One, Truist, and Citizens have consistently demonstrated confidence in Faropoint’s platform, underscoring the quality of their operations and the strength of their established relationships.
Joshua Mayers, SVP Senior Banker at KeyBank Real Estate Capital, commented on their long-term partnership with Faropoint. “This facility represents the 8th lead agented financing my team at KeyBank has delivered Faropoint since 2019, comprising well over $2 billion in total credit facility commitments,” Mayers said. He expressed appreciation for the deep relationship and KeyBank’s continued support for Faropoint’s future growth.
Faropoint, founded in 2012, is a tech-enabled, vertically integrated real estate investment manager specializing in urban logistics within the U.
S. industrial sector. The firm employs approximately 120 individuals and utilizes data alongside market relationships to address inefficiencies in the industrial real estate market. Operating in 16 key U.
S. markets, Faropoint has acquired over 550 warehouses, representing more than $4.0 billion in industrial real estate assets.
