Investcorp adds to US property portfolio

Multifamily propertiesBahrain-based alternative investment manager Investcorp has spent $370 million to acquire 11 new US multifamily properties. The properties are located in six major metro areas across five states (Florida, North Carolina, Georgia, Pennsylvania and Missouri) and in areas where Investcorp has made previous investments. Investcorp executive chairman Mohammed Alardhi said that the acquisition is the biggest real estate investment in the US market that the firm has made in more than 10 years.  The company has acquired more than 600 properties with a combined value of $16 billion since 1996 and is ranked as a top ten investor in US property according to Real Capital Analytics. "As one of the most active investors in US multi-family real estate, our real estate investment business continues to be an important driver of our ambitious long-term global growth strategy on the path to $50 billion in AuM," said Alardhi. Meanwhile, Michael Moriaty, principal in real estate investment at Investcorp, said that US property is “a well-performing, highly liquid asset class that draws upon the current strength of the overall US economy and labour market”. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.