Bahrani private equity company, Investcorp has acquired 1,854 multifamily residential units in the US, totaling USD 330 million. According to reports by the investment company, the new acquisitions have a 96 percent occupancy rate.
A KEY FOCUS ON THE US MARKET
The investment is across three popular suburban markets in America, it’s also not the first time the Bahrani alternative investment company has bought into the US market. In a separate transaction, Investcorp recently sold over $1 billion multifamily homes across the US real estate market.
The new units are in the three US cities of Atlanta, Georgia, Baltimore, Maryland, and Jacksonville, Florida. According to Investcorp reports, the units include a range of amenities, including swimming pools, fitness centres, clubhouses and 24-hour controlled access entry.
All of the properties are also in what the company describes as “desirable neighbourhoods” with close proximity to major transportation and employment hubs.
ACTIVE FOREIGN INVESTMENT
The Bahraini company is one of the most active foreign investment companies in the US, following its first inroads into the country in 2014 when the company narrowed its focus to multifamily and industrial real estate.
The number of properties owned by Investcorp in the US now totals more than 14,000 units.
Discussing the recent investment, Investcorp Real Estate product specialist Khulood Ebrahim said: “We are excited to further enhance our significant multifamily real estate footprint in the US with these stable, highly-occupied properties in key suburban areas. Our latest acquisitions are consistent with our defined investment approach and build upon our long history of investing in US multifamily real estate.”
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