Investcorp widens US properties portfolio with $380mn worth acquisitions

By Amirtha P S, Desk Reporter
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Investcorp, Bahrain’s leading global manager of alternative investment products, has acquired 89 industrial properties totaling approximately 2.2 million square feet across four major US markets for a total price of $380 million.

The latest acquisitions will expand the property portfolio of Investcorp’s US industrial real estate holdings to nearly $2.8 billion across approximately 27 million square feet comprised of more than 385 buildings.

Investcorp’s newly purchased properties portfolio is primarily located in the top major industrial markets by size including Los Angeles, California, Dallas, Texas, Phoenix, Arizona and Seattle. 

In recent years, these markets have experienced strong growth as the rise of eCommerce and the need for more efficient supply chains has increased demand for warehousing, distribution and fulfillment centers.

The new purchases offer Investcorp a 95 percent leased portfolio of Class B industrial warehouses with a diversified tenant base across a range of sectors, including technology, industrial services, business and administrative services, and maintenance and contracting services, among others.

Khulood Ebrahim
Khulood Ebrahim
Real Estate Product Specialist

“Over the past few years, we have continued to successfully execute Investcorp’s strategy to acquire assets with what we believe to be strong cash flows, solid fundamentals and additional upside potential through active asset management. We are seeing strong demand for industrial and logistics real estate due to the increased demand for eCommerce, and we are pleased to expand our US industrial portfolio with these acquisitions.” 

Mr. Yusef Al Yusef, Managing Partner for Investcorp’s Private Wealth, said, We are continuing to work through an attractive pipeline of new investment opportunities in the US industrial real estate space. We see great growth potential and we are pleased to further enhance our footprint in the US through the expertise of our real estate team as well as their global reach which has enabled us to source these properties to meet growing investor demand.” 

Investcorp has acquired approximately 1,025 properties for a total value of over $21 billion, since 1996. According to Real Capital Analytics, the company is the third largest cross-border buyer of US real estate and the fourth largest cross-border seller over the full years of 2019 and 2020.

Related: Abu Dhabi-based ADQ acquires 50% stake in IHC’s Eltizam for $30.4mn