Bahrain’s Investcorp sells real estate worth $109m in Raleigh, US

      Published on Wednesday, 2 October , 2019      9 Views     
Bahrain’s Investcorp sells real estate worth $109m in Raleigh, US

  • Business

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.



The Manama-headquartered company purchased the real estate portfolio in 2016, and has completed value-add upgrades to the properties in the years since.



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,

while also benefitting from the Raleigh market’s growth patterns.

Keywords:
Category Business | 2019/10/02 latest update at 8:10 PM
Source : Construction Week | Photocredit : Google
10 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.


HM King opens second session of 5th Legislative Term King

HM King opens second session of 5th Legislative Term

His Majesty King Hamad bin Isa Al Khalifa patronised here today, in the presence of His Royal Highness…

HM King issues decree appointing Electricity Minister King

HM King issues decree appointing Electricity Minister

His Majesty King Hamad bin Isa Al Khalifa issued Royal Decree 84/2019, appointing Wael bin Nasser Al-Mubarak as…

HM King issues Decree 40/2019 King

HM King issues Decree 40/2019

His Majesty King Hamad bin Isa Al Khalifa issued Royal Decree 40/2019 restructuring the Supreme Judiciary Council. The…

HM King thanked by HM Queen Elizabeth II King

HM King thanked by HM Queen Elizabeth II

His Majesty King Hamad bin Isa Al Khalifa received a cable of thanks from Queen Elizabeth II in…

GULF TV

Popular in GULF TV

8 Minute Ab workout 2018 VERSION with Tips

753 Views

8 Minute Ab workout: To celebrate more than 65 million YouTube views of the first version of the…

Latest videos in GULF TV

Events

Bahrain events

Lifestyle

Culture

Bahrain Culture, Bahrain, Bahrain News

Sport

Science & Technology

Government

Bahrain Government, Bahrain Government News, Bahrain News, Gulf News, News, Bahrain News