Bahrain-based Investcorp on Wednesday announced the acquisition of real estate properties worth around $250 mn in the United States, according to a press release.
The company’s five investments include 20 buildings and 1.8 mn square feet of office space in the Denver and Boston metropolitan areas. According to Investcorp, these properties have an average occupancy rate of 94%.
In the statement, the company explained its decision with the relatively low unemployment rates and good growth rates in both areas. Investcorp already has extensive holdings in the United States.