Investcorp acquires eight single-tenant buildings for $170m

Investcorp announced that its U.S.-based real estate investment team has acquired eight single-tenant buildings totaling 1.4 million square feet across eight different markets, for a total purchase price of $170 million. 

The properties are 100 percent leased to a diverse roster of tenants with businesses spanning a broad spectrum of industries. The properties are located across Charlotte, N.C.; Chicago; Cincinnati; Cleveland; Jacksonville, Fla.; Phoenix; San Antonio; and St. Louis.

Key reasons this portfolio is attractive to Investcorp include:

·         Attractive Cash Flow: These properties are all fully leased on long-term leases, enabling Investcorp to deliver attractive cash flow to investors.