Faropoint Completes $105 Million Off-Market Acquisition of 16-Building Portfolio in Jacksonville, FL and Memphis, TN

Tech-Enabled Firm Expands National Footprint with Multi-Market Acquisition Totaling 1.7 Million Square Feet

Faropoint, a leading tech-enabled US industrial real estate investment manager, today announced the off-market acquisition of a 16-building portfolio across two key logistics markets, Jacksonville, FL, and Memphis, TN. The portfolio, totaling 1.7 million square feet, was acquired for $105 million. The transaction was brokered by Eastdil Secured and completed in less than 45 days.

This multi-market acquisition, featuring four buildings in Jacksonville and twelve buildings in Memphis, reflects Faropoint’s commitment to sourcing off-market deals. The portfolio consists of strategically located industrial assets that align with Faropoint’s long-term strategy of securing high-demand properties in key US markets. The transaction also highlights the firm's ability to execute complex multi-market acquisitions efficiently and seamlessly.

This acquisition exemplifies Faropoint’s primary strategy of sourcing off-market, functional industrial properties in high-demand submarkets. The Jacksonville and Memphis assets offer strong submarket density, high-quality property specs, and desirable tenancy types. The assets' proximity to each other within target submarkets provides operational advantages, while their solid build quality and location offer opportunities for value creation through strategic improvements and proactive leasing.

Ohad Porat, Chief Investment Officer, commented: “This portfolio acquisition demonstrates Faropoint’s ability to identify and act on unique opportunities that align with our forward-thinking investment strategy. In a rapidly evolving logistics landscape, securing well-located assets in key markets like Jacksonville and Memphis strengthens our ability to meet future demand. These assets not only enhance the diversity of our portfolio but also position us to capitalize on emerging trends in industrial real estate as we continue to adapt to the needs of modern supply chains. We are confident that our approach will drive both immediate and long-term value for our investors.”

“We extend our gratitude to Eastdil and Brookfield for the opportunity to transact on this portfolio. Our team demonstrated exceptional efficiency, completing due diligence across 16 buildings and 45 suites, and successfully closing the deal in under 45 days,” added Yannai Gordon, Senior Vice President. “This transaction underscores our capability to swiftly execute in multiple markets and secure off-market opportunities in a highly competitive landscape. We look forward to integrating these strategically located assets in Memphis and Jacksonville into our expanding national portfolio.”

Faropoint’s ability to source this off-market portfolio through its strong relationship with Eastdil Secured, coupled with its swift execution in partnership with Brookfield, demonstrates the firm’s ability to handle transactions of all sizes—from smaller, bite-sized deals to large, multi-market portfolios. This acquisition further solidifies Faropoint’s expanding footprint in key logistics hubs across the US.

For more information contact Ori Regev, VP Capital Development at ori@faropoint.com.

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 off-market deals through its extensive broker network and strong local presence. Since its inception in 2012, Faropoint has acquired over 400 warehouses and manages more than $2.5 billion in assets, including uncalled commitments. For more information, visit Faropoint.com.

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