Bahrain's Investcorp signs $286m worth of US property deals

Bahrain's Investcorp signs $286m worth of US property deals
Investcorp has made $286m worth of investments in four US properties.
Published: 29 May 2018 - 2:34 a.m.
By: Jumana Abdel-Razzaq

Bahrain-based Investcorp has made $286m worth of investments in four US residential apartment complexes and a student housing facility, the company said on Monday.

The communities include a 660-unit property in Atlanta, a 408-unit property in Chicago, and two properties with a total of 505 units in Dallas, according to Arabian Business.

The over 800-room student housing property is located in Orlando.

The company has also made investments in four industrial portfolios, comprising nearly 251,000m2and more than 40 buildings for a price of about $206m.

The four portfolios comprise nine buildings totaling 51,300m2 in Phoenix, Arizona, 11 buildings totalling 77,406m2in Minneapolis, Minnesota, seven buildings totalling 40,878m2in Austin, Texas and 15 buildings totalling 81,471m2in Chicago.

Investcorp Co-CEO Mohammed Al Shroogi, said: “These investments are a continuation of our real estate investment strategy and our commitment to growing our U.S. real estate portfolio.”  

“Investcorp has been a leader in this market since we entered over 20 years ago, and it remains a key part of our long-term strategy.”

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