Investcorp Invests in Multifamily Properties in Arizona and Florida
2017-09-26 - 1:41 p
Bahrain Mirror: Investcorp announced yesterday that its U.S.-based real estate arm has invested in six multifamily properties in Florida and Arizona, for a total purchase price of approximately $350 million. The properties are located in key growth markets with strong fundamentals in the multifamily space.
Mohammed Al-Shroogi, Co-CEO at Investcorp, said: "We have invested in real estate transactions valued at more than $1.8 billion. As we continue to focus on the firm's growth, real estate investing will play an important role."
The six real estates invested by Investcorp are "Highpoint Club" and "Montevista at Windermere". They are two apartment communities that comprise 708 apartments and are located in two different submarkets of the Orlando, Florida metropolitan area.
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