Investcorp widens US properties portfolio with $380mn worth acquisitions

Investcorp widens US properties portfolio with $380mn worth acquisitions

Investcorp, Bahrain’s leading global manager of alternative investment products, has acquired 89 industrial properties totaling approximately 2.2 million square feet across four major US markets for a total price of $380 million.

The latest acquisitions will expand the property portfolio of Investcorp’s US industrial real estate holdings to nearly $2.8 billion across approximately 27 million square feet comprised of more than 385 buildings.

Investcorp’s newly purchased properties portfolio is primarily located in the top major industrial markets by size including Los Angeles, California, Dallas, Texas, Phoenix, Arizona and Seattle.

In recent years, these markets have experienced strong growth as the rise of eCommerce and the need for more efficient supply chains has increased demand for warehousing, distribution and fulfillment centers.

The new purchases offer Investcorp a 95 percent leased portfolio of Class B industrial warehouses with a diversified tenant base across a range of sectors, including technology, industrial services, business and administrative services, and maintenance and contracting services, among others.

Khulood EbrahimReal Estate Product SpecialistInvestcorp

“Over the past few years, we have continued to successfully execute Investcorp’s strategy to acquire assets with what we believe to be strong cash flows, solid fundamentals and additional upside potential through active asset management. We are seeing strong demand