According to a statement seen by the website (Namazon), the acquisition will enhance the US Investcorp investment portfolio in multi-housing properties, noting that this process follows a very active period. From investing in multi-housing real estate in which the company ranked second in the list of foreign owners of multi-housing real estate in the United States in the calendar year 2019.
In this regard, Youssef Al-Youssef, head of the investment team for Gulf corporations in Investcorp, said: Over the past few years we have built a multi-housing real estate portfolio in the United States by targeting Real estate in strategic areas to take advantage of the trend towards rent rather than home ownership.
Al Youssef added: The acquisition of these properties located in the attractive South Florida region with our investment strategy of targeting assets that generate strong cash flows can provide stable returns with growth potential. Positive.
It is worth noting that the multi-housing real estate portfolio is currently the largest portion of the Investcorp real estate platform, with a portfolio value of approximately $ 2.3 billion.
The Investcorp multi-housing property portfolio includes 15 markets comprising 18 properties and more than 14,000 housing units.
Investcorp's investment since its inception has reached more than $ 18 billion in more than 800 properties.
The recent acquisition of Class B residential properties for rent in South Florida provides Investcorp with a portfolio of 836 units occupied by 95%.
The metropolitan areas of South Florida enjoy a robust, growing, and diversified economy, with a lower unemployment rate and higher job prospects compared to the national average in the United States.
