Investcorp grows US industrial real estate portfolio to approximately US $2 billion

  • Date: 27-Oct-2020
  • Source: Bizbahrain
  • Sector:Real Estate
  • Country:GCC
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Investcorp grows US industrial real estate portfolio to approximately US $2 billion

Investcorp 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 US $280 million. The properties grow Investcorp's wider US industrial real estate portfolios to approximately US $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 of industries, including: healthcare, logistics, e-commerce, industrials, telecommunications and food services, among others. The portfolio includes a brand new, state of the art building leased 100% to a leading multinational Fortune 100 company. The properties comprising the portfolio are primarily located in the