Investcorp, the Bahrain-based private equity firm, has acquired a portfolio of office and industrial properties in North Carolina, Seattle and Florida for $250 million.
Combined, the properties acquired consist of nearly 2.2 million square feet. This is the second announced investment in the US real estate by Bahrain investors in this quarter. As DubaiBeat reported earlier, another Bahrain investment firm, Gulf Finance House, had acquired three residential properties in the US worth $75 million.
Investcorp and Gulf Finance House are listed in the Middle East Investors Directory with the code OR30 and OR27 respectively.
More details follows
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