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Faropoint Ventures
Faropoint formed in 2012 when its four founders — Ohad Porat, Itay Lustgarten, Or Rachamimov, and Raz Rahamim — shifted from Israeli real estate...
Faropoint Ventures
Faropoint formed in 2012 when its four founders — Ohad Porat, Itay Lustgarten, Or Rachamimov, and Raz Rahamim — shifted from Israeli real estate development to US markets, setting up in Hoboken, New Jersey. The firm targets the overlooked middle-market segment of last-mile industrial properties, typically acquiring buildings under 200,000 square feet near dense urban population centers. The founding team brought an institutionalized, data-science approach to a fragmented landscape traditionally dominated by smaller, local operators. The firm runs a disciplined, high-velocity acquisition strategy focused on multi-tenant, light-industrial warehouses. Faropoint concentrates on supply-constrained infill submarkets in major US logistics corridors — the New Jersey Turnpike exit markets, Atlanta, Dallas-Fort Worth, and South Florida are among its heavy concentrations. The investment pipeline relies on a proprietary tech stack for sourcing off-market deals, executing sale-leasebacks, and assembling portfolios one asset at a time. Confirmed large-scale transactions include a $370 million, 64-property portfolio acquisition in Atlanta and Memphis (per GlobeSt.com, 2022) and a $180 million purchase of a 33-building industrial portfolio in New Jersey from PIMCO (per Real Estate NJ, 2021). The firm has sold aggregated portfolios to institutional buyers, including a set of 26 Tennessee warehouses to Centerbridge Partners (per Commercial Observer, 2022). Faropoint raised roughly $900 million in equity for its third flagship fund, Faropoint Industrial Fund III, closing in early 2023 (per PERE, 2022). The firm operates from its Hoboken headquarters and manages a portfolio spanning millions of square feet across strategic US last-mile markets. Its limited partner base includes North American pension funds, Israeli institutions, and European family offices. In July 2023, the firm expanded its leadership by naming former BentallGreenOak executive Josh Harris as US Head of Asset Management (per GlobeSt.com, 2023), signaling a deeper institutionalization push as the portfolio scales. Faropoint's structural differentiator is its data-led sourcing and aggregation machine: it combines an in-house pipeline of code-driven deal origination with a sale-leaseback specialization that only a handful of peers can match at industrial scale. The model targets a spread between fragmented acquisition pricing and the premiums institutional recapitalizations command when a diversified portfolio is sold as a stabilized entity — essentially arbitraging the granularity discount in middle-market industrial real estate.
General information
Firm type
Asset Manager
Year founded
2012
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Hoboken
Corporate office
Hoboken, NJ, United States
Principals
Ohad Porat
Chief Investment Officer
Itay Lustgarten
Chief Executive Officer
Or Rachamimov
Managing Partner
Raz Rahamim
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Faropoint?
The Investment Committee is led by Chief Investment Officer Ohad Porat, with CEO Itay Lustgarten and Managing Partners Or Rachamimov and Raz Rahamim playing active roles. The four founders have worked together since the firm's inception in 2012, originating its quantitative approach to industrial sale-leaseback aggregation.
How does Faropoint source proprietary deal flow?
Faropoint uses a proprietary technology and data platform designed to identify off-market and lightly marketed industrial assets. The platform screens for supply-constrained infill submarkets near population centers, targeting high-growth metropolitan areas where fragmentation among small owners allows Faropoint to assemble portfolios through individual acquisitions.
Does Faropoint participate in fund commitments or only direct deals?
Faropoint operates through a series of closed-end, value-add real estate funds. The firm raised roughly $900 million for Faropoint Industrial Fund III, its third flagship vehicle, which serves as the primary vehicle for LP capital. The firm acquires assets directly and through joint ventures, but does not allocate to external funds as a strategy.
What investment stages does Faropoint typically target?
Faropoint focuses entirely on income-producing, multi-tenant, light-industrial buildings in the value-add segment. The firm buys existing assets, upgrades operations and occupancy, and holds them as part of an aggregated portfolio before selling to institutional investors seeking exposure to diversified last-mile logistics pools.
How is Faropoint related to any affiliated vehicles or spinouts?
The four founders operate Faropoint as a single platform with headquarters in Hoboken and a shared back-office in Israel. There are no known fund-level spinouts, though the firm's LPs include Israeli institutional investors that have backed the team since its early investments in the US market.
Which sectors does Faropoint explicitly avoid?
Faropoint avoids office, retail, hospitality, and multi-family residential. The firm has remained exclusively focused on industrial real estate, specifically light-industrial and last-mile warehouse properties under 200,000 square feet. It does not develop ground-up projects or pursue heavy manufacturing or large-box logistics centers.
What is Faropoint's known posture on co-investments alongside external GPs?
Faropoint typically acts as the lead operator and aggregator, buying assets directly and syndicating limited partner capital through its fund structures. There is no public record of Faropoint co-investing passively alongside an external sponsor; its model centers on proprietary deal origination and active portfolio management rather than check-writing into other managers' deals.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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