By Joshua Burd
Faropoint has secured another major investor with a newly announced commitment from a European pension fund, the Hoboken-based industrial real estate firm announced this week.
The investment by APG Asset Management NV, made on behalf of client ABP, represents the largest to date to Faropoint’s latest fund focused on last-mile warehouses across gateway, primary and select secondary U.S. markets. That brings the firm closer to the strategy’s $1 billion fundraising goal, as it looks to assemble roughly 200 to 250 assets with a focus on suite sizes between 20,000 and 40,000 square feet.
Faropoint is identifying properties with the help of its proprietary sourcing platform and underwriting tools driven by artificial intelligence, the company said. To date, its Industrial Value Fund IV has acquired or placed under contract 30 properties totaling 1.72 million square feet across nine markets, noting that the assets represent some $284 million in total investment value.
“Over the past decade, we have worked hard to build a competitive edge in urban logistics by combining our field teams’ expertise, proprietary technology and focus on long-term, consistent results,” said Raz Rahamim, Faropoint’s global head of capital development. “We are excited and honored to partner with APG as we continue to remain focused on executing thoughtfully and delivering for our investors.”
The firm launched Fund IV in June 2025 with anchor commitments totaling $225 million to the strategy and its sidecar from the Teacher Retirement System of Texas, continuing its model of acquiring and enhancing last-mile urban logistics properties to build institutional-grade portfolios, according to a news release. The commitment from APG and its client, a Dutch pension fund, represents their first with Faropoint while further diversifying an institutional investor base that spans North America Europe, and the Middle East.
The company added that, with additional capital discussions underway, it’s progressing well toward the fund’s $1 billion target.
“This investment aligns with our focus on delivering long‑term value for our clients through exposure to resilient real assets,” said Steven Hason, managing director and head of Americas real assets at APG. “Faropoint Industrial Value Fund IV offers a compelling way to expand ABP’s private investment portfolio into the last‑mile logistics segment. The strategy is supported by Faropoint’s data‑driven execution and strong local sourcing capabilities. As supply chains evolve and urban distribution needs continue to grow, we see lasting relevance for this part of the market.
“We look forward to building our relationship with Faropoint as part of our broader logistics strategy.”
According to Faropoint, the fund focuses on opportunities with in-place rents that are materially below market, allowing it to add value by leveraging tailwinds such as ecommerce growth, supply chain reconfiguration and growing demand for last-mile networks in dense markets. It complements that strategy with selective lease-up opportunities and development in supply-constrained core markets.
