A portion of the industrial portfolio Arcapita acquired in Cleveland, OH A portion of the industrial portfolio Arcapita acquired in Cleveland, OH

CLEVELAND, OHIO—Arcapita, a Bahrain-based alternative investments firm with a track record of 80 transactions exceeding a total of $30 billion in value, has acquired a seven-property industrial real estate portfolio in Cleveland, Ohio. The company did not identify the specific properties included in the portfolio, and they could not be determined immediately.

“We have a strong track record in the industrial warehousing sector, having overseen $2 billion of industrial real estate transactions in the US and Asia,” says Atif A. Abdulmalik, Arcapita’s chief executive officer. “We previously managed and successfully exited five industrial portfolios comprising over 100 properties, including a $1.4 billion IPO. Expanding our US real estate footprint is a key pillar of our growth strategy, and I am pleased with the progress our U.S. team has achieved in building our industrial portfolio. We have good momentum and are excited to expand our portfolio in the sector with additional acquisitions in the months to come.”

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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