Faropoint has secured a $600 million acquisition credit facility to support its Industrial Value Fund IV, a vehicle focused on acquiring and upgrading last-mile urban logistics properties across key U.S. markets.
Fund IV launched in June 2025 with a $1 billion target and continues the firm’s strategy of building institutional-grade portfolios by buying and enhancing infill industrial assets. Faropoint said the facility is designed for scalability and operational efficiency, enabling the fund to add assets over time as they are acquired, with availability increasing progressively as portfolio net operating income (NOI) grows. The financing has an initial two-year term with three one-year extension options, allowing up to five years of acquisition capacity.
Faropoint also emphasized that each lead bank in the syndicate is a repeat lender across multiple financings and funds. KeyBank said the transaction represents its eighth lead-agented financing for Faropoint since 2019, totaling more than $2 billion in credit facility commitments. Faropoint, founded in 2012, said it operates in 16 U.S. markets and has acquired more than 550 warehouses representing over $4.0 billion in industrial real estate assets.
The facility is led by KeyBank National Association as administrative agent, with JP Morgan, Capital One, Truist Bank, and Citizens Bank serving as co-lead arrangers.
KEY QUOTES:
“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. The facility’s scalable design allows us to efficiently deploy capital as opportunities arise while optimizing our cost of capital as assets stabilize and generate income.”
Idan Tzur, Chief Financial Officer, Faropoint
“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. KeyBank, JP Morgan, Capital One, Truist, and Citizens have each demonstrated continued confidence in our platform through their ongoing partnership. This facility underscores the quality of our operations and the strength of the relationships we’ve built over time.”
Mark DeCesare, Head of Corporate Finance, 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. We are thankful for the deep relationship and look forward to continuing to support Faropoint’s future growth.”
Joshua Mayers, SVP Senior Banker, KeyBank Real Estate Capital
