Faropoint, a tech-enabled real estate investment manager focused on last-mile industrial warehouses, announced that APG Asset Management N.V., on behalf of pension fund client ABP, has made the largest commitment to date to Faropoint’s Industrial Value Fund IV.
Launched in June 2025 with a $1 billion target, Fund IV builds on Faropoint’s flagship Industrial Value Fund series strategy of acquiring and enhancing last-mile urban logistics properties to create institutional-grade portfolios across key U.S. markets. The fund launched with anchor commitments totaling $225 million from the Teacher Retirement System of Texas, including $225 million to the fund and $225 million to its sidecar.
APG’s commitment represents the largest investment in Fund IV so far and further diversifies the fund’s institutional investor base, which spans North America, Europe, and the Middle East. The investment marks APG’s first partnership with Faropoint. With discussions on additional capital underway, Faropoint said it is progressing toward its $1 billion target.
The latest commitment comes amid continued demand for last-mile industrial real estate, supported by long-term trends such as e-commerce expansion, supply chain reconfiguration, and rising demand for urban distribution networks in high-density markets. Properties under 100,000 square feet have historically demonstrated stronger fundamentals and more resilient performance than the broader industrial sector.
Fund IV is targeting the assembly of a diversified portfolio of approximately 200 to 250 assets, primarily focused on suites ranging from 20,000 to 40,000 square feet across gateway, primary, and select secondary U.S. markets. The strategy leverages Faropoint’s proprietary sourcing platform, FarOS, and its AI-driven underwriting engine, REXy, to identify mark-to-market opportunities where in-place rents are materially below market levels. The fund also pursues selective lease-up opportunities and includes a strategic development sleeve in supply-constrained core markets.
To date, Fund IV has acquired or placed under contract 30 properties totaling 1.72 million square feet across nine markets, representing approximately $284 million in total investment value.
Founded in 2012, Faropoint is a vertically integrated real estate investment manager specializing in urban logistics within the U.S. industrial sector. The firm operates in 16 key U.S. markets, with approximately 120 employees, and has acquired more than 550 warehouses, representing over $4 billion in industrial real estate assets since inception.
APG is the largest asset manager in the Netherlands, with EUR 590 billion in assets under management as of June 2025. It implements and manages the pension scheme and assets of ABP, the pension fund for government and education employees in the Netherlands, which serves 3.1 million participants.
KEY QUOTES:
“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. We are excited and honored to partner with APG as we continue to remain focused on executing thoughtfully and delivering for our investors.”
Raz Rahamim, Global Head Of Capital Development, Faropoint
“This investment aligns with our focus on delivering long-term value for our clients through exposure to resilient real assets. 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.”
Steven Hason, Managing Director And Head Of Americas Real Assets, APG Asset Management N.V.
