Investcorp has acquired a diversified portfolio of three residential assets totaling nearly 500 units in top-tier markets across the U.S. for approximately $200 million. The portfolio is comprised of one multifamily and two senior housing properties located in the Los Angeles and New York metropolitan areas.
The two senior living assets underscore Investcorp’s conviction for the sector and were executed on the heels of the firm’s recent acquisition of a 140-unit senior living community in Boston, Massachusetts. Investcorp is prioritizing the senior living sector to capitalize on its extremely favorable demographics and market dynamics.
The multifamily asset included in the transaction is located in Bloomfield, New Jersey, and is the first multifamily property that Investcorp has acquired in more than three years. As one of the most historically active multifamily buyers in the United States, the firm has remained highly selective amid an ongoing reset in valuations
