Investcorp Acquires $170M Distribution Center Portfolio Across US

Rishi Kapoor, Co-CEO of Investcorp

NEW YORK CITY—Showing the ongoing high demand for industrial property, Investcorp has acquired a portfolio of eight single-tenant distribution properties in locations across the US for a combined purchase price of approximately $170 million. The properties, totaling 1.4 million square feet, are 100% leased.

“We are pleased to add these properties to our growing portfolio of assets in the logistics space, a core component of our global real estate investment strategy,” says Rishi Kapoor, Co-CEO of Investcorp, the global alternative investments firm. “Each of these properties is fully leased by well-known tenants on long-term leases, enabling us to deliver attractive cash flow to our investors while simultaneously capitalizing on what we believe are strong underlying market dynamics and robust growth of the sector.”