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Investcorp Expands U S Multifamily Portfolio

Investcorp Expands U S Multifamily Portfolio
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Investcorp acquires five US multifamily properties for $330m

Investcorp acquires five US multifamily properties for $330m MANAMA, January 27, 2021 Investcorp, a leading global provider and manager of alternative investment products, has announced that it has acquired a portfolio of five, 96% occupied multifamily residential properties comprising 1,854 units across three key US suburban markets for $330 million.    This latest acquisition expands Investcorp’s robust footprint in US multifamily real estate, where it has been one of the most active international buyers and sellers, including having recently sold more than $1 billion in US multifamily real estate assets.    In 2014, Investcorp narrowed its strategic focus to target what it believes to be the most resilient sectors of real estate, multifamily and industrial, which currently represent 90% of the firm’s US real estate portfolio. 

Investcorp Acquires Five Suburban Multifamily Properties for Approximately US $330 Million

Posted January 27th, 2021 for Investcorp 27 Jan 2021 Investcorp today announced that it has acquired a portfolio of five, 96% occupied multifamily residential properties comprising 1,854 units across three key US suburban markets for approximately US $330 million. This latest acquisition expands Investcorp’s robust footprint in US multifamily real estate, where it has been one of the most active international buyers and sellers, including having recently sold more than $1 billion in US multifamily real estate assets. In 2014, Investcorp narrowed its strategic focus to target what it believes to be the most resilient sectors of real estate, multifamily and industrial, which currently represent 90% of the Firm’s US real estate portfolio. Following this transaction, Investcorp’s US multifamily real estate portfolio comprises more than 14,000 units across approximately 40 properties.

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