Home Middle East Bahrain Investcorp Buys US Properties The Bahraini investment company has acquired a portfolio of properties in the San Francisco Bay Area for $65 million. by Aarti Nagraj March 13, 2012 Bahrain’s Investcorp announced that its US-based real estate arm has acquired a portfolio of mixed-use commercial real estate properties in the Northern San Francisco Bay Area for approximately $65 million. The portfolio includes 14 buildings, and comprises offices, industrial and retail properties at Telecom Valley, totaling 840,637 square feet, the company said in a statement. The acquisition is the largest transaction closed in the North Bay area so far this year, it added. “This investment follows another $200 million invested in the US real estate over the last 12 months,” said Khalid Al Rumaihi, managing director at Investcorp and regional head for UAE, said in the statement. “The diverse mix of Class A properties in this portfolio will enable us to pursue selectively value creating options, ” he added. Investcorp partnered with PB&J Acquisitions, a San Francisco-based real estate owner and operator for the acquisition. The two companies hope to increase the income of the properties by leasing the currently vacant space and by renewing existing tenants, Investcorp said. In all, the investment company has around $10 billion deployed in the US real estate sector, it said. Tags Breaking News World 0 Comments Share Tweet Share Share You might also like Global downturn risks becoming prolonged recession – WEF How should regional businesses effectively navigate their workforce through the Covid-19 pandemic Warmest oceans on record add to hurricanes, wildfires risks Is coronavirus the newest threat to cybersecurity in the GCC?