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Berkshire Global Advisors Acted as Financial Advisor to Invesco
  • has made a strategic minority investment in
  • Berkshire Global Advisors Acted as Financial Advisor to Invesco

  • Date: November 2023
  • Sector: Private Markets - Real Estate / Assets
  • Sub-Sector: Real Estate
  • Region: North America
  • Seller Details:

    Faropoint is a vertically integrated, tech-enabled real estate investment manager with 120 employees that leverages data and deep market relationships to achieve superior risk-adjusted returns. Faropoint targets inefficiencies in the marketplace that can be solved with local real estate expertise and technology. The company invests in 15 markets across the East Coast, Midwest, Southwest and Texas, each with strong demographics and high construction barriers to entry.

    Buyer Details:

    Invesco Real Estate is a global leader in the real estate investment management business with $91.1 billion in real estate assets under management, 586 employees and 21 regional offices across the U.S., Europe and Asia (as of March 31, 2023). Invesco Real Estate was established in 1983 and today invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd. Invesco Ltd. is an independent investment management firm.

    Transaction Summary:

    Faropoint, a leading infill industrial investment manager, announced today it has closed on a strategic investment from Invesco Real Estate, a global real estate investment manager, who acquired a minority stake in Faropoint’s Platform. The transaction was structured by Invesco Real Estate’s Platform Investments team.

    “This strategic partnership strengthens our commitment to optimizing our execution across highly fragmented markets such as infill industrial real estate by leveraging technology to efficiently identify and accurately underwrite investment opportunities nationally,” said Bert Crouch, Managing Director and Head of North America at Invesco Real Estate. “As a part of our broader strategic initiative to vertically integrate operating platforms across our highest conviction sectors, we believe this investment into Faropoint will allow us to capitalize on secular tailwinds affecting this compelling sub-sector.”