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Bahrain's Investcorp buys residential units in US

Investcorp acquired properties in the metropolitan areas of Las Vegas, Denver, Chicago, Atlanta and Dallas

Investcorp has purchased eight residential properties in the United States.
Investcorp has purchased eight residential properties in the United States.

Bahrain's Investcorp has purchased eight residential properties in the United States for around $400million through its U.S unit, the investment bank revealed on Wednesday, October 14, 2015. 

Investcorp acquired properties in the metropolitan areas of Las Vegas, Denver, Chicago, Atlanta and Dallas.

These purchaces take Investcorp's total real estate investments over the past 12 months to more than $1billion, according to the statement.

The properties are rented out to tenants and have an average occupancy rate of around 96%. 

Investcorp bought the properties "through joint ventures with several local and regional operating partners". 

 

 

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