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Faropoint secures $150m acquisition line for industrial sale-leaseback fund
Transactions - OCTOBER 22, 2024

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Faropoint secures $150m acquisition line for industrial sale-leaseback fund

by Released

Faropoint announced that it has secured a $150 million acquisition line with a leading U.S. financial institution for its Industrial Sale-Leaseback (ISLB) Fund. This marks the second loan facility provided to Faropoint by this institution, following a previous $130 million facility for Fund II.

The acquisition line will support Faropoint's ISLB Fund strategy, which targets well-located, functional infill industrial properties ranging from 20,000 to 200,000 square feet, with an average lease term of 10 years. This approach allows Faropoint to capitalize on the growing demand for sale-leaseback transactions in a liquidity-constrained market. Faropoint launched the ISLB Fund earlier this year in response to the tightening credit markets, recognizing that many businesses are seeking alternative ways to unlock capital from their real estate assets while maintaining operational control.

"This $150 million acquisition line from our financial partner is a testament to the stre

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