The distribution center at 121 High Hill Road in Swedesboro, New Jersey, which Faropoint acquired in 2020.
Faropoint CEO Adir Levitas claims his company can leverage a combination of its own data and under-development software tools to rapidly aggregate portfolios of warehouses too small for large investors to buy individually.
With an average deal size of $5M and an average building size less than 100K SF, Faropoint managed to purchase the ninth-most industrial square footage in the U.S. through the first three quarters of 2020, just behind Prologis and Brookfield Asset Management, CoStar reported in September.
“With the software we use, we create billions of dollars of pipeline and manage multiple deals and negotiations at the same time, allowing us to close dozens of assets in a given year,” Levitas told