Faropoint completes $273M refinancing of 61 Fund II assets with Capital One and J.P. Morgan, optimizing capital structure for distributions.

HOBOKEN, N.J.--(BUSINESS WIRE)--Jan 26, 2026-- Faropoint , a leading tech-enabled real estate investment firm focused on last-mile industrial properties in high population growth markets, received $273 million of financing proceeds from a bank syndicate led by Capital One and J.P. Morgan for Project Walk-Off, a 61-asset portfolio of light / infill industrial properties totaling nearly 3.5 million square feet. This loan represents the largest portfolio refinance by Faropoint to date by number of assets, following a 46-asset refinance closed earlier this year in Fund III. As Fund II moves through its value realization phase, this refinancing optimizes the capital structure of stabilized assets and enhances the fund's distribution capacity. The portfolio is currently 96% leased with a weighted average lease term of 3.8 years and is located across the U.S. in eight major metros in the Northeast, Southeast, and Midwest. The properties were acquired between 2021 and 2022 and have received capital investments from its 103 unique tenants and Faropoint's value-add initiatives. This transaction extends the debt maturity through the remainder of the fund life for these assets, while also diversifying the fund's pool of debt sources and bolstering risk management. The two-year, non-recourse loan includes three, 12-month extensions and was arranged by CBRE's Tom Traynor, Tom Rugg, Mark Finan and Henry Fenmore. “This $273 million refinancing represents a significant milestone for Fund II and underscores the strength of our portfolio,” said Idan Tzur, Chief Financial Officer at Faropoint. “By executing this transaction on attractive terms - our largest refinancing to date in Fund II – we believe we've optimized our debt structure and positioned ourselves to return capital to our investors, a testament to the value creation we've achieved across this 61-property portfolio.” The refinancing is part of Faropoint's broader strategy to optimize its debt structure and enhance cash management stability. It allows the company to transition from short-term acquisition financing to long-term debt against specified stabilized asset batches. “This transaction continues to strengthen our long-term partnerships with Capital One and J.P. Morgan, relationships we've built across multiple funds and numerous transactions over the years,” said Mark DeCesare, Head of Corporate Finance at Faropoint. “Their confidence in our platform and ability to execute complex portfolio financings reflects the institutional quality of our operations. We look forward to continuing to grow alongside these key lending partners as we scale our business.” “We're pleased to continue our partnership with Faropoint on this significant portfolio financing,” said Seth Wiener, SVP, CRE NY Team Lead at Capital One . “These accretive financing partnerships align with our strategy of supporting experienced industrial sponsors.” This refinancing embodies Fund II's financing strategy of using dynamic acquisition facilities to streamline property aggregation, then refinancing stabilized asset pools into permanent debt to optimize the debt profile. For inquiries or to learn more about Faropoint's investment strategies, please contact Ori Regev, SVP, Head of Product Marketing, at [email protected] 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 550 warehouses, representing approximately $4.1 billion in industrial real estate assets. View source version on businesswire.com: https://www.businesswire.com/news/home/20260126388898/en/ CONTACT: Investor Relations Contact: Ori Regev Faropoint | SVP, Head of Product Marketing [email protected] KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING SUPPLY CHAIN MANAGEMENT ONLINE RETAIL PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY RETAIL URBAN PLANNING BUILDING SYSTEMS REIT FINANCE SOURCE: Faropoint PUB: 01/26/2026 08:39 AM/DISC: 01/26/2026 08:39 AM http://www.businesswire.com/news/home/20260126388898/en

Two-building Bohemia portfolio trades for $17.5M. * Faropoint purchased two industrial buildings at 100 and 110 Wilbur Place for $17.5 million * The 73,811-square-foot portfolio is fully occupied by New York Tent in a sale-leaseback * Properties feature 16-foot ceilings, multiple loading docks, and excess land for expansion * Deal marks Faropoint's eighth Long Island acquisition and second here in three months A two-building industrial portfolio in Bohemia has been sold for $17.5 million. Hoboken, N.J.-based Faropoint purchased the properties at 100 and 110 Wilbur Place, which total 73,811 square feet on a combined 6 acres. Both properties are occupied by New York Tent, which had owned the buildings but will now be tenants of the new owner in the sale-leaseback. In 2021, New York Tent, through its affiliates 100 Wilbur Place LLC and 110 Wilbur Place LLC, purchased 100 Wilbur for $6.5 million and 110 Wilbur for $4.96 million. The 43,785-square-foot building on 2.6 acres at 100 Wilbur Drive has 16-foot ceilings, five loading docks and two drive-in bays. The building includes about 4,000 square feet of office space. The 30,026-square-foot building on 3.45 acres at 110 Wilbur Drive also has 16-foot ceilings, three loading docks and one drive-bay. It has about 10,000 square feet of office space. The building, which has rooftop solar panels, is expandable to add about 22,000 square feet, according to its listing brochure. "We're thrilled to announce the successful closing of 100 & 110 Wilbur Place in Bohemia - two well-located, low-coverage industrial assets in the heart of Long Island's Central Suffolk County submarket," Matthew Bernstein, Faropoint's director of acquisitions, told LIBN. "With irreplaceable real estate, excess land for future flexibility, and a tenant deeply entrenched in its operations, this investment strengthens our industrial sale-leaseback fund strategy." The Wilbur Place acquisition is Faropoint's eighth on Long Island and its second here in the last three months. In Oct. 2025, the company purchased a fully occupied 40,000-square-foot industrial building on 2.22 acres at 593 Acorn St. in Deer Park for $7.55 million in another sale-leaseback deal. Its other Long Island assets are in Bohemia, Farmingdale and Hauppauge. Faropoint, founded in 2012, is a commercial real estate investment firm that focuses on last-mile warehousing and distribution facilities. The company's portfolio has more than 500 properties totaling over 26 million square feet throughout the U.S. Founded in 1994, New York Tent is a full-service tent, temporary structure, and event rental company serving the greater New York metro area, as well as clients across the nation. The company offers a wide range of products and services, including tents, temporary structures, flooring, lighting, staging, HVAC, temporary power, rental furniture, and more, according to its website. Faropoint was self-represented, while Tommy Rosati, Jason Maietta and Brandon Lichtenstein of Colliers and Richard Cohen of Ashlind Properties represented the seller in the Bohemia sales transaction.