NorthPoint Closes $1.5 billion Fund for Industrial Investment

Aerial photo of NorthPoint Development's EastGate Commerce Center in Independence, Missouri. Photo credit: NorthPoint Development.

Posted March 31, 2026

NorthPoint Development has officially closed a $1.5 million fund, the firm’s largest fund to date.

The NorthPoint Industrial Fund VII has over $1.565 billion in equity available, including $1.265 billion in direct commitments and over $300 million in co-investment capital. The initial target for the fund was only $1 billion. Including leverage, NorthPoint is expected to capitalize approximately $4 billion in investments.

“The success of this fundraise is a validation of our disciplined investment approach and culture of employee ownership,” NorthPoint CEO Nathaniel Hagedorn said in a release. “We are grateful for the trust our investors have placed in us to navigate this market.”

Fund VII will be used to acquire highly functional industrial properties at a discount to their replacement cost and increase below-market rents by 20% to 30%. The fund is now 40% deployed, according to the release.

Headquartered in Kansas City, NorthPoint operates a portfolio of over 150 million square feet, with regional offices in St. Louis, Cincinnati, Chicago, Sacramento, Detroit, Charlotte, Philadelphia, Salt Lake City and Southern California. The firm has invested over $20 billion into real estate assets.