Investcorp's Chief Operating Officer, Gary Long, said:
"Retail properties, such as those in this portfolio, that are well-established in key locations in fast-growing metropolitan markets and have multiple tenants and strong operating histories, have delivered robust returns to our investors. We are confident that the strategic location of these retail properties and the diversified nature of the portfolio, reinforced by the experience and expertise Investcorp will bring to bear, will generate strong returns."
Investcorp's New York-based team of real estate professionals invests in all major real estate asset classes with risk/return profiles ranging from core plus to opportunistic, for mid- to long-term holding periods. The team oversees a portfolio with a current value of approximately $2.8 billion in selected urban and suburban markets in the U.S. Over the past decade, Investcorp has acquired real estate with an initial capitalization of approximately $5.4 billion. In 2005, Investcorp was the fifth largest foreign institutional investor in the US real estate market.
Browse
related articles
Posted by Janeta Novakovic, Assistant News Editor
