Investcorp Expands in US with $250M of CRE Purchases
By
Centerpoint I, Denver
Boston and Denver—At the beginning of 2016, Investcorp kicked off a new acquisition initiative focusing on high-quality properties generating cash flow in key U.S. markets, and the Bahrain-headquartered global provider and manager of alternative investment products has been grabbing assets across the country ever since. Acting through its U.S.-based real estate arm, Investcorp recently snapped up 1.8 million square feet of properties in transactions totaling approximately $250 million.
Investcorp’s five new properties, all acquired in joint ventures, are located in the thriving Boston and Denver metropolitan areas. “(They) are highly desirable markets whose strong economies make them appealing locations for investments,” Herb Myers, managing director for real estate investment with Investcorp, said in a prepared statement. Denver and Beantown hold the 11th and 12th spots on PwC and the Urban Land Institute’s list of the top U.S. markets to watch in 2017 for overall real estate prospects…
