ABU DHABI (ALETIHAD)
Investcorp Capital, an alternative investment company listed on the Abu Dhabi Securities Exchange (ADX), announced the acquisition of a diversified US industrial real estate portfolio valued at more than $200 million.
The portfolio comprises 19 industrial properties spanning around 1.4 million square feet across Dallas-Fort Worth, Chicago, Indianapolis and Cincinnati, a statement from the company said.
According to the company, the acquisition reflects its continued focus on deploying capital into high-quality real assets with resilient cash flows and long-term value creation potential.
The properties are located in logistics and distribution corridors serving regional and national supply chains and benefit from high occupancy levels and diversified tenancy.
The portfolio is around 97% occupied and leased to tenants operating in sectors including light manufacturing, logistics, wholesale distribution, industrial services and consumer-related businesses.
The assets include 13 buildings covering approximately 1 million square feet in Dallas-Fort Worth, four properties totalling around 286,000 square feet in Chicago, one property of about 130,000 square feet in Indianapolis, and a fully occupied 44,000-square-foot property in Cincinnati.
The company said the four locations are among the US’s established logistics hubs and benefit from proximity to major population centres, transportation infrastructure and diversified economic activity.
Sana Khater, CEO of Investcorp Capital, said: “This acquisition reflects the strength of Investcorp Capital’s investment approach, which focuses on providing shareholders with exposure to carefully selected alternative assets backed by durable market fundamentals and long-term income potential.”
“US industrial real estate continues to stand out as one of the most resilient real asset sectors globally, supported by evolving supply chains, domestic manufacturing activity and continued demand for well-located logistics infrastructure,” Khater added.
“Through our disciplined allocation strategy and access to the broader Investcorp platform, we are able to pursue opportunities that we believe can enhance portfolio quality and support sustainable value creation over time.”
Jonathan Dracos, CIO of Investcorp Capital, said: “The current market environment continues to present attractive opportunities to acquire high-quality industrial assets at attractive relative value, particularly in sectors where operating fundamentals remain high but pricing has adjusted alongside broader market conditions.”
“This portfolio provides exposure to strategically located assets with strong occupancy, diversified tenancy and embedded cash flow characteristics across some of the most established logistics corridors in the US,” Dracos added.
“Our real estate strategy remains centered on identifying sectors and markets where structural demand drivers, supply constraints and operational quality can support resilient performance across market cycles.”
According to the company, US industrial real estate fundamentals continue to benefit from structural trends including e-commerce growth, nearshoring and domestic manufacturing activity. It added that elevated construction costs, tighter financing conditions and slowing development activity have contributed to constrained new supply across several logistics markets.