Investcorp Holding BSC, the biggest private equity and alternative asset manager in the Middle East, sold eight U.S.-based multifamily properties for more than $900 million.
The units were located in metropolitan areas in Arizona, California, Florida and New York, the Bahrain-based company said on Tuesday. The properties were acquired in 2016 and 2017.
“We see increasing demand for multifamily properties,” said Yusef Al Yusef, managing partner for Investcorp’s private wealth. “We remain focused on delivering long-term value for our shareholders and investors.”
Source: Bloomberg
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...