Investcorp said the acquisition further strengthens its US multifamily real estate portfolio and follows a highly active period of investment in multifamily properties.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
960 | the publication reaches you by | Bahrain NewsMultifamily property portfolios currently represent the largest part of Investcorp’s global real estate platform, with an approximate value of $2.3 billion.
Investcorp’s multifamily portfolios span across 15 markets totaling 18 properties and more than 14,000 units.
Since inception, the value of Investcorp’s real estate investments have totalled over US $18 billion across more than 800 properties.
“Over the last several years, we have been actively building our US multifamily real estate portfolio by targeting properties in strategic locations that enable us to capitalize on the secular trend toward renting rather than home ownership,” said Yusef Al Yusef, head of Gulf Institutional Clients Group at Investcorp.
“The purchase of these properties in the attractive South Florida market aligns with our defined investment strategy of targeting strong cash flow generating assets that we believe are positioned to generate consistent returns while providing upside potential.”
The acquisition of the two apartment properties in South Florida provides Investcorp with a 95 percent occupied portfolio of 836 units.
Nvestox management had already staggered a ‘loop-work’ environment within their key teams trading all major global exchanges, so…
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
