The deal adds 163,000 square metres of income-generating space to Aldar’s portfolio. 

The portfolio acquisition comprises a multifamily community in New Jersey, and two senior housing properties in Orange County, California and Long Island, New York.

The agreement covers the construction and operation ⁠of a 360-kilometre railway linking the mining areas of Al-Shidiya and Ghor Al-Safi in Jordan to its Aqaba port.

A Saudi bank issuance was the only deal completed during the quarter

The fund closed above its $750 million target, with $250 million anchored by Mubadala Capital.