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FinancialNews


  • 24-09-12

    Bahrain's Investcorp buys two real estate properties in US

    (MENAFN) Bahrain-based private equity firm Investcorp has expanded its US portfolio with two real estate acquisitions and one debt financing investment in seven office properties, the company said in a press release. The transactions totalled 900,000 square feet, worth a combined USD140 million, the company said. The acquisitions include three properties in the Keystone Office Park located in Raleigh, North Carolina and one property in the Duke Bridges office park complex located in Frisco, Texas, a suburb of Dallas, Investcorp explained. The company also bought a mezzanine loan secured by two office properties located in the Denver, Colorado suburb of Lakewood. Investcorp has bought a portfolio of four multifamily properties in Houston, Texas in May. In March, it completed an acquisition of mixed-use commercial properties in Northern California for almost USD65 million. Investcorp has invested in eight equity transactions in the last 12 months, with a total value of more than USD300 million. The company also has originated five mezzanine debt transactions with a principal balance in excess of USD100 million and a total capitalisation of more than USD800 million over the same period.

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