Saudi fund manager Sidra Capita has launched a $155 million fund that will invest in US industrial estate.
The fund launch marks what the firm describes as its “first US-based single-tenant absolute net leased industrial real estate aggregation program.
Sidra is one of a number of Mena-based fund managers to have invested in US industrial real estate this year.
Earlier this month Bahrain’s GFH acquired a portfolio of US warehouse assets valued at $2 billion.
“Industrial, warehouse and logistical real estate continue to generate strong demand,” noted Hani Baothman, chairman of Sidra Capital.
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