Home Industry Finance Investcorp Buys $250m Worth Of U.S. Real Estate Assets The Bahrain company bought high-end offices and retail space in greater Chicago, Los Angeles, Minneapolis and New York. by Reuters November 5, 2013 Follow us Follow on Google News Follow on Facebook Follow on Instagram Follow on X Follow on LinkedIn Bahrain-based Investcorp said on Tuesday that it has acquired a group of offices and retail properties in the United States for $250 million. The investment firm’s U.S.-based real estate arm bought high-end offices and retail space in greater Chicago, Los Angeles, Minneapolis and New York, the company said in a statement. The properties are a total of more than 1.6 million square feet and have a combined occupancy rate of about 92 per cent, Investcorp said. Investcorp has been buying into the U.S. real estate market, and announced the acquisition of five properties for $100 million in December 2012. The company has acquired more than 200 properties since 1995, with a total value of about $10 billion, it said. It currently has more than $4 billion of property and debt funds under management. Investcorp is one of the several investors who have expressed a preliminary interest in buying a stake in Italian fashion house Versace, according to sources. 0 Comments