17 Mar 2015
(MENAFN) Investcorp , the Bahrain-listed alternative investment fund, bought a portfolio of residential properties in the United States for around USD300 million, Reuters reported.
The deal, made through its U.S. based property arm, bring the fund’s total purchases of properties in the country in the last 12 months to over USD850 million, Investcorp said in a statement.
The latest properties, which total more than 2.1 million square feet, are in Washington D.C., Orlando, San Diego and Baltimore. They include around 1,900 family and student housing units with an occupancy rate of about 96 percent, offering potential for stable cash flow.
The improving U.S. economic picture will stimulate further real-estate investments by the fund, with its main target being suburban offices and multi-family residential units in the top 30 U.S. metropolitan areas.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more