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High-rise commercial buildings

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Alternative Assets  + Real Estate  | 
Faropoint Seals $150M Acquisition Line for Industrial SLB Fund 

Faropoint Seals $150M Acquisition Line for Industrial SLB Fund 

Faropoint  has secured a $150 million acquisition line with an unnamed U.S. financial institution for its Industrial Sale-Leaseback (ISLB) Fund, its second loan facility by the institution following a previous $130 million facility for Fund II. 

The fund, which launched earlier this year with a $300 million target, focuses on “well-located, functional infill industrial properties” ranging from 20,000 to 200,000 square feet, with an average lease term of 10 years, according to the Hoboken, NJ-based firm. 

“We’re pleased to expand our relationship with a trusted institution, whose expertise and financial strength align perfectly with our growth objectives and empower us to navigate today’s challenging credit environment with confidence,” said Idan Tzur, CFO at Faropoint. 

The tech-enabled real estate investment manager specializes in urban logistics within the U.S. industrial sector. Since inception in 2012, the firm has acquired over 400 warehouses, representing over $3 billion in industrial real estate assets. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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