RIYADH: Bahrain-headquartered Investcorp has spent $380 million on a swathe of properties across America, including in Los Angeles, California, and Seattle.
The investment management firm has bought 89 industrial properties totaling approximately 2.2 million square feet, the company said in a statement.
Dallas, Texas, Phoenix, Arizona, and Washington are the locations of the other purchases.Â
Since 1996, Investcorp has acquired approximately 1,025 properties for a total value of over $21 billion.
