InvestCorp invests in Boston

InvestCorp invests in Boston
24/11/2016 , by , in INTERNATIONAL

Investcorp said its U.S.-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.

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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