Investcorp Expands U.S. Industrial Holdings with Baltimore and Minneapolis Acquisitions

Investcorp, a prominent alternative investment firm, has announced the acquisition of two industrial real estate portfolios in Minneapolis and Baltimore for a value exceeding $335 million. This strategic expansion is part of Investcorp's broader objective to enhance its footprint in U.S. industrial markets characterized by large populations, dynamic economies, and robust tenant demand. The acquired portfolios collectively comprise 27 properties, totaling 2.7 million square feet. Market conditions remain favorable for industrial assets due to robust e-commerce trends and limited supply of strategically located properties. Minneapolis and Baltimore have shown exceptional market rent growth over the past three years, significantly outperforming averages in major U.S. metropolitan areas. Investcorp continues to actively explore industrial investment opportunities in key U.S. markets, reinforcing its position among the top cross-border investors in U.S. real estate.