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The Abu Dhabi-listed Investcorp Capital has increased its US real estate asset base with the acquisition of four new housing structures for a gross transaction value of over $300 million.
The latest acquisitions comprise student housing assets in the states of Texas and Oklahoma, building on the company’s existing student housing portfolio in Florida and Texas with $160 million in investments.
In August, three US industrial acquisition deals were also funded by the company, contributing to a gross transaction cost of approximately $300 million.
The company said the latest investment activity aligns with its business model and commitment to pay semi-annual dividends of at least 8% per annum.
(Writing by Bindu Rai, editing by Daniel Luiz)
