Saturday, Feb 25, 2017

Abu Dhabi

Investcorp, a leading provider and manager of alternative investment products, today announced that its U.S.-based real estate arm has invested in three multifamily housing properties in New York, California, and Nevada for a total purchase price of nearly $400 million.

All three properties are located in markets which benefit from robust fundamentals in the multifamily space.

Mohammed Alardhi, Executive Chairman of Investcorp said: “As we look to the next phase of growth for Investcorp, we have great confidence that the U.S. is a place where our investments will continue to serve our global client base well, as we believe the U.S. economy is poised for significant growth. We have a long history of investments in the U.S., and our $1.2 billion investment in residential properties in the past 18 months demonstrates our belief that the U.S. real estate market provides high-quality investments that will generate steady returns in the years to come.”

Staff Report

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