Middle East private equity firm Investcorp acquired 89 industrial properties in the United States on Thursday for $380 million.

The company explained in a statement that the industrial warehouses are located in Los Angeles, California, Dallas, Texas, Phoenix, Arizona, Seattle and Washington.

It added that those purchases raise its holdings in industrial real estate to about $2.8 billion.

Last September, Bahraini Investcorp's executive chairman, Mohammed Al-Ardhi, said his company was seeking to more than double the size of its assets by focusing more on the capital. Institutional money.

In an interview with Bloomberg TV, Al-Ardhi added that his company, which is the largest manager of private equity and alternative assets in the Middle East, could reach $100 billion in assets in Seven years, compared to $40 billion today.