Bahrain - Mubasher: Bahrain - based Investcorp said its real estate arm in US has acquired five multifamily apartment properties and five student-housing properties in several major metropolitan markets across the United States.
The conclusion of these deals represents the culmination of a 12-month period during which Investcorp saw record investment volume in real estate of approximately $1.6 billion of gross transaction value.
Investcorp has been the top private Gulf-based investor in U.S. real estate, according to real capital analytics.
Such acquisitions are consistent with Investcorp’s strategy to invest in high-quality properties throughout key U.S. markets that it believes will provide attractive cash yields and upside.
