Faropoint Closes $223M Refinancing for Fund III Industrial Portfolio

Third financing with BREDS deepens repeat lending relationship and unlocks reinvestment capacity within Fund III

HOBOKEN, N.J.--(BUSINESS WIRE)--Faropoint, a technology-enabled real estate investment manager specializing in last-mile industrial properties, has closed a $223 million refinancing with Blackstone Real Estate Debt Strategies (“BREDS”) for 26 industrial buildings within its Industrial Value Fund III. The non-recourse, floating-rate loan carries a three-year initial term with two one-year extension options.

The portfolio totals 1.7 million square feet across seven U.S. markets, anchored by concentrations in Atlanta and Florida. Leased to 75 tenants with over 90% weighted average occupancy, the properties were acquired through a large portfolio transaction completed in June 2025. The transaction represents Faropoint's third financing with BREDS.

“Closing our third transaction with BREDS is a testament to the depth and quality of this lending relationship,” said Idan Tzur, Chief Financial Officer at Faropoint. “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.”

Fund III’s financing program is designed to support the full lifecycle of its portfolio — acquiring assets through flexible revolving facilities, then refinancing select pools with permanent debt to recapture deployment capacity and manage risk across the fund.

“This refinancing with BREDS speaks to the mutual confidence we’ve built across these transactions,” said Mark DeCesare, Head of Corporate Finance at Faropoint. “The underlying portfolio, which originated from our largest single acquisition to date last summer, validates our ability to move quickly from acquisition to permanent financing. We look forward to continuing to build on this relationship as the platform scales.”

“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.”

For inquiries or to learn more about Faropoint’s investment strategies, please contact Ori Regev, SVP, Head of Product, at [e-mail].

About Faropoint

Faropoint is a tech-enabled, vertically integrated real estate investment manager specializing in urban logistics within the US industrial sector. With approximately 120 employees, Faropoint leverages data and deep market relationships to address inefficiencies in the industrial real estate market. The firm operates in 16 key US markets, securing opportunities through its extensive broker network and strong local presence. Since its inception in 2012, Faropoint has acquired over 550 warehouses, representing over $4.0 billion in industrial real estate assets.