Arcapita acquires real estate in US

Arcapita, the Sharia-compliant alternative investments firm, said yesterday it has acquired a seven-property industrial real estate portfolio in Cleveland, Ohio.

The Cleveland portfolio comprises 655,000 square feet of industrial assets within the metropolitan area and is occupied by a diverse range of creditworthy tenants operating in the logistics, technology and assembly space.

Arcapita has partnered with Weston, an Ohio-based real estate owner-operator, with a strong history in Cleveland and the wider Midwest. (Staff Report)