Investcorp Grows Real Estate Holdings with New Office Properties Portfolio Valued in Excess of $140 million

 

 NEW YORK, NY /PRNewswire/ -- Investcorp, the international alternative asset manager, announced it has expanded its real estate holdings with equity and debt investments in six high-quality office properties across key markets in the U.S.

The latest investments include two equity acquisitions and one debt financing investment.

 Investcorp acquired three properties in the Keystone Office Park located in the Raleigh-Durham area of North Carolina and one property in the Duke Bridges office park complex located in Frisco, Texas, a suburb of Dallas.

 Investcorp also originated a mezzanine loan secured by two office properties located in the Denver, Colorado metro area. With over 900,000 square feet, the combined properties total value exceeds $140 million.

These investments reflect Investcorp's activity through both equity investment and debt financing in high quality, stable assets at attractive valuations, and in close proximity to commercial and economic hubs. The properties, with combined occupancy in excess of 95 percent, are leased by longstanding tenants including the National Institute of Health, in Raleigh-Durham, Oracle, in Dallas, and the law firm BakerHostetler, in Denver.

"This portfolio adds to our growing mix of investments selected for their strong tenant histories, locations in economically flourishing metropolitan communities, and attractive 'going in' projected cash yields," said Herb Myers (top right photo), a managing director in Investcorp's real estate group. "The investment in properties in these cities is consistent with our theme of focusing on metropolitan areas with demand drivers from technology, healthcare, energy and education."

Christopher Hoeffel (lower right photo), a managing director in Investcorp's Real Estate group continued, "Office properties in growth markets with strong demand generators are on the rebound, and can be purchased at better valuations than similar properties in major gateway cities. Rooted in our value-oriented investment approach, we also see significant opportunities for high-quality, performing debt investments that can be acquired or originated at attractive yields."

For a complete copy of the company’s news release, please contact:

FTI Consulting (New York),

James Cheston,

+1-212-850-5675,

 Jim.cheston@fticonsulting.com

 or

 Investcorp (Bahrain),

Firas El Amine,

+973 3998 7838,

 felamine@Investcorp.com

Web Site: http://www.investcorp.com