Investcorp expands US portfolio

Bahrain based investment firm ties up office real estate acquisition deals in key US markets


Mohammed Al Shoorgi says Investcorp has invested in eight equity transactions worth more than $300m over the last 12 months.

A Bahraini investment firm has concluded real estate equity acquisition deals in office properties across key markets in the US.

The two real estate equity acquisitions and a debt financing investment in seven high-quality office properties are worth $140m  and equate to more than 83,612m2 of real estate, said Manama-headquartered Investcorp.

The equity acquisitions include three properties in the Keystone Office Park in Raleigh, North Carolina, and one property in the Duke Bridges office park complex in Frisco, a suburb of Dallas, Texas.

The deals also include a mezzanine loan secured by two office properties located in the Denver, Colorado suburb of Lakewood.

“The properties, with occupancy rates in excess of 95 per cent, are leased by long standing tenants including; the National Institute of Health, in Raleigh; Oracle, in Frisco and; the law firm Baker Hostetler, in Lakewood,” said Mohammed Al-Shroogi, president of Gulf Business at Investcorp.

During the last 12 months, the firm’s real estate team has invested in eight equity transactions with a total deal size in excess of $300m, he said.


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