Investment House & Inovalis enters US real estate via Global Wakala Trust Program

By Arya M Nair, Official Reporter
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Investment House, the sole distributor of the Shariah-compliant Program in Qatar, and Inovalis, a French alternative investment fund manager, have closed their ninth transaction globally and the first US transaction of 2022 on behalf of the Global Wakala Trust Program.

The Program is actively managed by Inovalis since 2019 with nearly $120 million under management. This latest transaction comprises a real estate portfolio of high-quality assets focused on community centers in affluent neighborhoods with long leases in various locations in the US.

The first asset is in Phoenix Arizona ideally situated along Peoria Avenue, a major east-west highway that connects Central Phoenix to Surprise. Over recent years, the area has become a highly sought-after submarket for retailers.

The second asset is in Carmel, Indianapolis’s most affluent suburb, and is located within Hamilton County, one of the top ten most affluent counties in the US. Carmel’s Meridian Street Corridor is home to the second largest concentration of office workers in the State of Indiana.

The third asset is in Palm City Florida and consists of four exceptionally well-positioned buildings at a busy intersection which dominates the trade area marketplace. Florida is one of the largest export states in the US and is a major gateway for merchandise trade.

Mohammed bin Ahmed Al-Suwaidi
Mohammed Ahmed Al-Suwaidi
Chairman & MD
Investment House

“After successfully investing in European Real Estate markets through the Global Wakala Trust Program, we have extended our offering to US assets. The portfolio was acquired at a price that can generate attractive returns for our investors and as such, we continue to position Investment House as the preferred Shariah-compliant investment solution provider in Qatar. Our geographical footprint expansion and our pursuit of attractive risk-adjusted returns will continue throughout the year.”

“Inovalis’s international footprint offers deal-making capabilities to our Middle Eastern institutional partners at a global scale while maintaining strong local know-how through teams, operations, experience, and expertise in each country we invest in,” said Mr. Khalil HANKACH, Managing Director of Inovalis.

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