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Wed 23 Nov 2016 01:58 PM

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Bahrain's Investcorp makes $250m investment in Boston, Denver

Real estate unit buys portfolio of properties which include 1.8m sq ft of office, industrial, flexible and lab space

Bahrain's Investcorp makes $250m investment in Boston, Denver

Investcorp said on Wednesday 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 Bahrain-based 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 D.C. and Atlanta for about $110 million.

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