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,
or
Investcorp
(Bahrain),
Firas El Amine,
+973 3998 7838,
Web Site: http://www.investcorp.com
No comments:
Post a Comment