The Bahrain-based alternative investment firm Investcorp has acquired real estate in US gateway cities as appetite grows for non-European assets with a recovering US economy.
The company has splurged US$300 million on four residential properties in Washington DC, Orlando, San Diego and Baltimore. That is around a third of what the company spent on US properties last year.
While Middle Eastern investors still prefer Europe for real estate investment, the share of the United States is on the rise.
http://www.thenational.ae/business/property/bahrains-investcorp-spends-300m-on-us-residential-properties
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