Investcorp Picks Up $200M Office Sites In Houston, DC

Law360, Los Angeles (April 9, 2013, 3:24 PM EDT) -- The U.S. real estate arm of Bahraini investment firm Investcorp SA has acquired five office properties totaling more than 1 million square feet in the Denver, Houston and Washington metropolitan areas valued at $200 million, Investcorp announced Tuesday.

“The acquisition of these high-quality properties in major U.S. markets provides an excellent opportunity to generate current income, while improving operating and leasing performance over the longer term,” Investcorp managing director Herb Myers said in a statement.

According to Investcorp, the acquisitions adhere to the company's approach of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.