Investcorp buys 22 properties
Investcorp’s Real Estate line of business had a record year in 2005. It sold 28 properties, realizing $419 million for its clients. At the same time, it acquired 22 new properties, deploying a record $241 million in equity. These investments included several in a sector new to Investcorp, ‘opportunistic’ real estate, following client demand for investment that offered a different risk/return profile. Four new portfolios were placed with clients, whose demand for Investcorp’s real estate product remains very high.