Faropoint Secures $223M Refinancing from Blackstone for Industrial Portfolio

Faropoint has closed a $223 million refinancing with Blackstone Real Estate Debt Strategies (BREDS) for 26 industrial buildings held within its Industrial Value Fund III, marking the firm’s third financing transaction with the Blackstone credit platform.  

The non‑recourse, floating‑rate loan carries a three‑year initial term with two one‑year extension options, providing flexibility around future market conditions and exit timing. 

The underlying portfolio totals 1.7 million square feet across seven U.S. industrial markets, with concentrations in Atlanta and Florida. The assets are leased to 75 tenants and carry a weighted average occupancy above 90% and were originally acquired via a large portfolio transaction completed in June 2025. 

“This major refinancing in Fund III strengthens the capital structure at an important moment — by moving the acquired assets into permanent financing, we’re creating meaningful reinvestment capacity that allows us to continue executing on the fund’s acquisition strategy,” said Idan Tzur, CFO at Faropoint. 

Blackstone highlighted the deal as a continuation of its conviction in logistics real estate. “The industrial sector—which continues to experience strong fundamentals with low vacancy and resilient demand—is one of our key areas of investment,” said Tony LaBarbera, Co‑Head of Americas Private Investments for BREDS. “We are pleased to refinance this high-quality industrial portfolio and expand our relationship with Faropoint.” 

Since its inception in 2012, Faropoint has acquired more than 550 warehouses, representing over $4.0 billion in industrial real estate assets.