Investcorp makes $250m in­vest­ment in Bos­ton, Den­ver

Kuwait Times - - BUSINESS -

Investcorp said yes­ter­day its US-based real es­tate divi­sion had bought a port­fo­lio of prop­er­ties in the Bos­ton and Den­ver metropoli­tan ar­eas for about $250 mil­lion. The five in­vest­ments in­cluded 20 build­ings and 1.8 mil­lion square feet of of­fice, in­dus­trial, flex­i­ble and lab­o­ra­tory space, the Bahrain­based al­ter­na­tive in­vest­ment firm said in a state­ment. On Tues­day, in­vest­ment man­age­ment firm Ar­capita, also based in Bahrain, said it had bought three hous­ing schemes for se­nior ci­ti­zens in the metropoli­tan ar­eas sur­round­ing Wash­ing­ton DC and At­lanta for about $110 mil­lion.

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