Investment House & Involis enters US real estate via Global Wakala Trust Program

Investment House & Involis enters US real estate via Global Wakala Trust Program

Investment House, the sole distributor of the Shariah-compliant Program in Qatar, and Inovalis, a French alternative investment fund manager, have closed their ninth transaction globally and the first US transaction of 2022 on behalf of the Global Wakala Trust Program.

The Program is actively managed by Inovalis since 2019 with nearly $120 million under management. This latest transaction comprises a real estate portfolio of high-quality assets focused on community centers in affluent neighborhoods with long leases in various locations in the US.

The first asset is in Phoenix Arizona ideally situated along Peoria Avenue, a major east-west highway that connects Central Phoenix to Surprise. Over recent years, the area has become a highly sought-after submarket for retailers.

The second asset is in Carmel, Indianapolis’s most affluent suburb, and is located within Hamilton County, one of the top ten most affluent counties in the US. Carmel’s Meridian Street Corridor is home to the second largest concentration of office workers in the State of Indiana.

The third asset is in Palm City Florida and consists of four exceptionally well-positioned buildings at a busy intersection which dominates the trade area marketplace. Florida is one of the largest export states in the US and is a major gateway