Bahrain Bourse-listed investment management firm Investcorp has announced the sale of multifamily properties in the US, comprising 830 units, to Los Angeles-based investment company Tru America Multifamily through a $109m (BHD41.1m) transaction.
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Managing director of real estate investment at Investcorp, Babak Sultani, said that the transaction was in line with the firm’s investment plans to add value to properties over a three-year period and completing renovations at these schemes,
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