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Tuesday, 11 June 2019

Equus Sells 11 Apartment Properties to Investcorp for $370Mln

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Equus Capital Partners has sold a portfolio of 11 apartment properties with 2,615 units in five states to Investcorp for $370 million.

The purchase is Investcorp's largest over the past 10 years involving real estate in the United States. Investcorp, which is based in Bahrain, has $22.2 billion of assets under management and has been among the most active buyers of U.S. apartment properties over the past year, with 7,700 units.

U.S. real estate "continues to be an important driver of our ambitious long-term global growth strategy on the path to $50 billion" in assets under...

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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Company: Investcorp
  • Valuation: More than $150 million
  • Private: Yes
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