Investcorp Bank located in Bahrain and specialized in alternative investment products has announced purchasing 8 properties in USA through its unit there for 400 million dollars.
The new residential properties are located in Las Vegas, Denver, Chicago, Atlanta, and Dallas.
The latest purchase operation adds to the bank’s real estate investments this year estimated to exceed one billion dollars.
Investcorp mentioned in its report that all purchased properties are leased with high occupancy rate hitting 96%. It added also that the operation took place through joint ventures with a number of local and international partners.