Bahrain's Investcorp acquires three US properties for $400m
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Bahrain’s Investcorp acquires three US properties for $400m

Bahrain’s Investcorp acquires three US properties for $400m

Investcorp said it was confident in the growth potential of the US property market


Bahrain-based Investcorp has announced an investment of $400m in three US multifamily housing properties.

The company said its investment showed its confidence in the US market and forecast for significant growth.

The properties include the 795-unit Atlantic Point in Bellport, New York, the 556-unit The Highlands in Grand Terrace, California and the 609-unit Villas at Green Valley in Henderson, Nevada.

Over the last 18 months the company has invested $1.2bn in US residential property.

Recent deals include the November acquisition of assets worth $250m in Boston and Denver.

Read: Bahrain’s Investcorp acquires US real estate assets worth $250m

“Investcorp continues to see the US as an attractive market for real estate investments; not only because of its robust fundamentals, but also because of our strong understanding of the market dynamics,” said Fahad Murad, managing director at Investcorp for Bahrain.

“These properties fit well with our existing portfolio of residential space, and we believe that we are well positioned to bring more attractive opportunities for our investors in the coming period.”

Since 1995 the company has invested in 464 US properties with a total transaction value of $14.4bn


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