Investcorp has announced that its US-based real-estate group has participated in nearly $4 billion in deals last year, including both buying and disposition activity.
The team has acquired more than 200 properties in 2021 worth of $2.5 billion and has sold for $1.5 billion, it said in a statement.
“The record level of activity within our North American real estate business in 2021 has created many opportunities to help drive Investcorp’s growth and retain its position as a top cross-border real estate buyer and seller in the US,” said Mohammed Alardhi, Executive Chairman.
“Long before the pandemic, we perceived residential and industrial real estate investments to be one of the most recession-proof sectors,” he added.
He also said: “This strategy has proven to be attractive given business and lifestyle changes, many of which were accelerated because of Covid-19. I look forward to seeing the continued growth of our platform in a key market for us.”
Investcorp reportedly kept its focus to residential and industrial properties in 2014 and which currently represent around 95 percent of US real estate portfolio of the firm.
The COVID-19 pandemic has provided a source of uncertainty in real-estate markets.
The pandemic has also created many opportunities in real estate sectors and helped the firm’s momentum as a highly active buyer and seller.