Al Mal Capital, a Dubai-based investment firm, has acquired Poinsettia Plaza, a 153,000 square feet shopping center located in Ventura, California.
This is the second investment for Al Mal Capital in the US. The first was in a residential complex in Louisiana comprising 290 apartments, which the company exited in 2015 for an IRR of 16%.
Al Mal Capital is listed in the Middle East Investors Directory with the code BFD21.
More details follows:
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