Bahrain Mumtalakat Holding Co., the sovereign wealth fund of the Kingdom of Bahrain, has acquired an office building in Charlotte, N.C.
“The American commercial real estate market has always been of interest, particularly due to its current positive economic outlook. We look favorably upon commercial property leased for the long term by reputable companies,” said Mahmood Alkooheji, CEO of Mumtalakat. “A highly desirable destination for businesses and job seekers, Charlotte is the fourth fastest growing large city in the United States and is ranked sixth in the country for its employment growth, which rose by 2.8 percent over the last year. At the same time, our partnership with Sentinel is successful due to our shared commitment to best practices. We are confident that through this collaboration, we will achieve our growth objectives.”
The transaction marks Mumtalakat’s second investment in the United States commercial real estate market this year in partners
