Investcorp Expands U.S. Industrial Footprint with Minneapolis & Baltimore Acquisitions
Deal News | Feb 25, 2025 | Investcorp
Investcorp, a global alternative investment firm, announced the acquisition of two industrial portfolios in Minneapolis and Baltimore, totaling 27 properties and 2.7 million square feet, for over $335 million. This move is part of Investcorp's strategy to grow its U.S. industrial presence in regions with strong population bases and diversified economies. The firm aims to capitalize on the dynamic supply-chain logistics sector and continued demand for industrial spaces driven by e-commerce. Minneapolis and Baltimore feature strong rental growth and diverse economic landscapes, making them strategic locations for investment. Investcorp's strategic focus on industrial and residential assets has positioned it as a leading cross-border real estate investor.
Sectors
- Real Estate Investment
- Industrial Logistics
Geography
- United States – The acquisitions are located in the U.S. cities of Minneapolis and Baltimore, reflecting Investcorp's focus on expanding its industrial real estate footprint in the American market.
- Minneapolis – Investcorp acquired a significant industrial portfolio in Minneapolis, reinforcing its investment strategy in the city's robust economic environment.
- Baltimore – With the acquisition of industrial properties in Baltimore, Investcorp is capitalizing on the city's pro-business climate and increasing demand for industrial real estate.
Industry
- Real Estate Investment – The article discusses Investcorp's acquisition of industrial properties, highlighting its engagement in the real estate investment sector, focusing on industrial and residential asset classes.
- Industrial Logistics – Investcorp's acquisitions are driven by the evolving logistics and supply-chain demands, which are key components of the industrial logistics industry.
Financials
- 335000000 – Gross transaction value for the acquisition of the Minneapolis and Baltimore industrial portfolios.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investcorp | Buyer | Company | A global alternative investment firm expanding its U.S. industrial real estate portfolio. |
| Herb Myers | Global Co-Head of Real Assets | Person | Key executive at Investcorp overseeing the real estate strategy. |
| Michael Moriarty | Managing Director and Head of Commercial Acquisitions | Person | Leading Investcorp's commercial acquisition strategy in the U.S. |