Longpoint closes third fund with U.S., global investors

Boston-based real estate investment firm Longpoint has held a final closing of its third institutional fund, Longpoint Fund III (Fund III).

Fund III was oversubscribed, with approximately $940 million of commitments, well above its original target of $750 million.

Fund III seeks to advance the firm’s strategy of acquiring well-located, underutilized industrial assets in major U.S. markets at attractive prices. The fund will specifically target small to mid-sized investments in primary U.S. markets, including Atlanta, Boston, Dallas, New York/New Jersey, South Florida, Southern California, and Washington, D.C./Baltimore.

“The fund will serve our logistics clients by creating functional warehouse nodes close to population centers,” said Dwight Angelini, managing and founding partner at Longpoint. “Today’s supply chain took shape in the middle of the 20th century. In 1956, the same year that President Dwight Eisenhower signed into law the Federal Highway