Investcorp grows US industrial real estate portfolio to $2bn

Investcorp grows US industrial real estate portfolio to $2bn

MANAMA — Investcorp, a leading global provider and manager of alternative investment products, today announced that it has acquired 32 industrial properties totaling approximately 3.5 million square feet across four major US markets for a total capitalization of over $280 million.The properties grow Investcorp's wider US industrial real estate portfolios to approximately $2 billion with 22 million square feet comprised of more than 260 buildings.The latest acquisitions provide Investcorp with a new 96% leased portfolio of Class A and B warehouse, distribution, and flex industrial buildings with a diversified tenant base across a range