Mapletree Sells 1.8 MSF Industrial Portfolio to Faropoint for $328M

Faropoint pays $318M for 5-state industrial portfolio

The basics: Faropoint acquires 1.8M-square-foot industrial portfolio from Mapletree 30-building portfolio spans N.J., Fla., Ga., Pa. and Texas Deal coincides with launch of $1B Faropoint Industrial Value Fund IV Tech-enabled industrial real estate investment manager Faropoint paid $318 million to acquire an industrial portfolio from Mapletree Investments Pte Ltd. covering five states and 1.8 million square feet. The Singapore-based group announ…

Mapletree Sells US Warehouse Portfolio to Faropoint for $328M - Mingtiandi

Mapletree Investments has sold a 30-asset portfolio of industrial properties to New Jersey-based fund manager Faropoint for $328 million, marking the Singaporean real estate player’s first major US warehouse disposal. The portfolio comprises multi-tenant warehouse buildings in Florida, Georgia, New... Read More>> The post Mapletree Sells US Warehouse Portfolio to Faropoint for $328M appeared first on Mingtiandi.

Mapletree Sells 1.8 MSF Industrial Portfolio to Faropoint for $328M

SINGAPORE AND NEW YORK CITY — Mapletree Investments Pte Ltd., a global real estate investment and management firm based in Singapore, has sold a 1.8 million-square-foot industrial portfolio to New York City-based Faropoint for $328 million. The transaction represents Faropoint’s largest acquisition to date and Mapletree’s first major U.S. warehouse disposition. The portfolio, which Mapletree held under a closed-end private fund launched in 2019,…