(Bloomberg) -- Investcorp Holding BSC, the biggest private equity and alternative asset manager in the Middle East, sold eight U.S.-based multifamily properties for more than $900 million.
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The units were located in metropolitan areas in Arizona, California, Florida and New York, the Bahrain-based company said on Tuesday. The properties were acquired in 2016 and 2017.
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“We see increasing demand for multifamily properties,” said Yusef Al Yusef, managing partner for Investcorp’s private wealth. “We remain focused on delivering long-term for our shareholders and investors.”
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