Latest news with #MohamedAamer
Arabian Post
3 days ago
- Business
- Arabian Post
Investcorp Capital Divests $550 Million in US Multifamily Properties Amid Market Adjustments
Investcorp Capital, the Abu Dhabi Securities Exchange-listed alternative investment firm, has concluded the sale of 12 multifamily residential properties across five US states for approximately $550 million. The transactions, executed over several months beginning in 2024, encompassed the complete liquidation of a multifamily portfolio. Despite prevailing challenges in the US housing market, including elevated mortgage rates and economic uncertainties, the firm reported securing the exits at a premium. This outcome underscores the resilience of the underlying assets and Investcorp's adeptness in navigating complex investment landscapes. The divested properties, averaging a 94% occupancy rate, are situated in key rental markets such as Atlanta, Philadelphia, Raleigh, St. Louis, Tampa, and Orlando. Notably, the final transaction involved the sale of a 432-unit garden-style apartment community in Atlanta, completed at the end of February 2025. ADVERTISEMENT Interim CEO Mohamed Aamer highlighted the enduring appeal of the multifamily sector, stating, 'Though rent growth has cooled from the highs we saw in recent years, the long-term fundamentals supporting the multifamily sector remain compelling.' He emphasized the firm's commitment to identifying opportunities that deliver value to shareholders. Investcorp Capital's strategic focus on real estate is evident, with nearly 98% of its portfolio comprising industrial or residential properties. According to Real Capital Analytics, the firm ranks among the top five cross-border buyers of US real estate over the past five years.
Al Bawaba
3 days ago
- Business
- Al Bawaba
Investcorp Capital Successfully Exits $550 million of Multifamily Assets at a Premium
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce that it has exited 12 residential multiple-occupancy real estate assets ('multifamily assets') across five states in the United States – including the full liquidation of a multifamily portfolio – at an aggregate price of ~$550 million. Despite a tempered multifamily market, the exit was secured at a premium, reflecting the strength of the underlying properties as well as Investcorp Group's ability to deftly navigate challenging investment environments. Commenting on the exit, Interim Chief Executive Officer, Mohamed Aamer, said: 'Though rent growth has cooled from the highs we saw in recent years, the long-term fundamentals supporting the multifamily sector remain compelling. Our latest exits reflect the confidence in the sector, as well as Investcorp's ability to capitalize on attractive opportunities and leverage operational expertise to create value. The team will continue to evaluate properties across target markets, identifying opportunities that will deliver to shareholders.' The assets are 94% occupied on average and are situated in desirable rental markets including Atlanta; Philadelphia; Raleigh, North Carolina; and St. Louis, Missouri, as well as Tampa and Orlando in Florida. Most recently, the Investcorp Group team completed the liquidation process with the sale of a 432-unit garden-style apartment community in Atlanta at the end of February 2025. Investcorp Group is among the top-5 largest cross-border buyers of US real estate over the past five years, according to Real Capital Analytics. 98% of the firm's portfolio consist of industrial or residential properties.
Zawya
4 days ago
- Business
- Zawya
Abu Dhabi-listed Investcorp Capital offloads US real estate assets
Bahrain's Investcorp Capital has offloaded its real estate assets in the US, amidst headwinds of rising mortgage rates and economic uncertainty in the American housing market. The ADX-listed alternative investment firm said it has exited 12 residential multi-occupancy assets across five states in the US, including the full liquidation of a multifamily portfolio at an aggregate price of $550 million. Investcorp Capital said that 'despite a tempered multifamily market', the exit was secured at a premium. 'Though rent growth has cooled from the highs we saw in recent years, the long-term fundamentals supporting the multifamily sector remain compelling,' said Interim CEO, Mohamed Aamer, adding that the company will continue to evaluate properties across target markets. The assets are 94% occupied on average and are situated in rental markets including Atlanta; Philadelphia; Raleigh, North Carolina; and St. Louis, Missouri, as well as Tampa and Orlando in Florida, Investcorp added. Most recently, the Investcorp Group team completed the liquidation process with the sale of a 432-unit apartment community in Atlanta at the end of February 2025. Last week, Freddie Mac said mortgage rates have inched up this past week but continue to remain lower than one year ago. 'With more inventory for buyers to choose from than the last few years, purchase application activity continues to hold up,' said Sam Khater, Freddie Mac's Chief Economist. The 30-year fixed rate mortgage (FRM) averaged 6.86% as of May 22, 2025, up from last week's 6.81% average, but down from a year ago when the 30-year FRM averaged 6.94%. Meanwhile, the 15-year FRM averaged 6.01%, up from last week when it averaged 5.92%, but down from the 15-year FRM average from a year ago at 6.24%. (Writing by Bindu Rai, editing by Seban Scaria)
Arabian Business
4 days ago
- Business
- Arabian Business
Investcorp exits 12 US residential multiple-occupancy assets
Bahrain's Investcorp Capital has exited 12 residential multiple-occupancy real estate assets across five states in the United States for an approximate value of US$550 million. Despite a tempered multifamily (multiple-occupancy real estate assets) market, Investcorp said in a filing with the Abu Dhabi Securities Exchange (ADX) that the exit was secured at a premium. The 12 residential buildings have an average occupancy of 94 per cent and are situated in desirable rental markets in Atlanta, Georgia; Philadelphia, Pennsylvania; Raleigh, North Carolina; St Louis, Missouri; and Tampa and Orlando in Florida. Mohamed Aamer, Interim Chief Executive Officer, commented: 'Though rent growth has cooled from the highs we saw in recent years, the long-term fundamentals supporting the multifamily sector remain compelling. Our latest exits reflect the confidence in the sector, as well as Investcorp's ability to capitalise on attractive opportunities and leverage operational expertise to create value. 'Our team will continue to evaluate properties across target markets, identifying opportunities that will deliver to shareholders.' According to Real Capital Analytics, Investcorp Group is among the top-5 largest cross-border buyers of US real estate over the past five years. Almost 98 per cent of the firm's portfolio consists of industrial or residential properties.
Mid East Info
13-05-2025
- Business
- Mid East Info
Investcorp Capital Achieves Net Profit of $41 million through the first three quarters of its fiscal year ‘25
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce its financial results for the third quarter of fiscal year 2025 covering the period ended 31 March 2025 ('Q3 2025'). Q3 2025 Highlights: • YTD $71 million of cash distributable earnings, representing 82% growth quarter-on-quarter, underpinned by YTD FY'25 Net profit of $41 million, including Q3 2025 Net Profit of $13 million. • $1.2 billion deployed across Capital Financing Services and Capital Deployment with total realizations of $824 million, through solid syndication activity and several successful exits including RESA Power in Private Equity and US National I Portfolio in Real Estate. • Capital deployment exposure as a percentage of long-term capital at 90%, up from 66% in June 2024. • Healthy balance sheet reflecting a diversified portfolio with 62% invested in yield generating assets. • Strong cash distributable earnings. Mohamed Aamer, Interim Chief Executive Officer of Investcorp Capital, commented: 'The progress made this quarter is a continuation of Investcorp's 4-decade track record of solid performance through economic cycles, and demonstrates our commitment to delivering returns to investors, with an 82% increase in quarter-on-quarter cash distributable earnings. We have seen good business activity this year and unlocked value notably through the successful sale of RESA Power and the US National I Portfolio. Going forward, we will continue to target a diverse range of investment opportunities with the potential for strong returns on investment.' Rohit Nanda, Chief Financial Officer of Investcorp Capital, commented: 'We are pleased with the progress made so far this year, with total assets growing by 22% to $2.2 billion, up from $1.8 billion in June 2024, as we continue to grow our balance sheet is healthy and our high cash generation supports our commitment to deliver the 8% annualized dividend payment at the end of the fiscal year.' Operational Highlights: In April, with the sale of the US National I Portfolio for an aggregate sale price of $360 million, the Company realized an approximate 40% increase in value over its initial purchase price, in addition to the rental distributions received during the hold period. The portfolio was sold to take advantage of the vibrant capital markets for industrial assets in the US and strong property operating fundamentals. Similarly, the sale of RESA Power generated strong returns. Since Investcorp's acquisition in 2021, RESA Power grew its revenues and EBITDA by over 4x and today serves thousands of commercial & industrial, utility and datacenter customers across North America. Capital Deployment: The Company invested $356 million across asset classes and geographies so far in fiscal year 2025, including $237 million in structured products and $84 million in Corporate Investments across US and Europe. Co-investment in US Real Assets totaled $35 million, across Warehouse & Logistics, Student Housing and Infrastructure. Proceeds from Capital Deployment investment realizations over the period from various asset classes totaled $106 million. Of this, $54 million came from Global Credit, with distributions from Collateralized Loan Obligations (CLOs) in the US and Europe. $32 million came from Corporate Investments in US and MENA. $15 million came in ongoing rental yield distributions from multiple Real Estate portfolios in the US. $5m came from Strategic Capital. Capital Financing Services: Performance within the Capital Financing Services business continued to be strong, generating a 10% annualized return with $854 million deployed across asset classes in the last ninemonths. This was primarily driven by $482 million in Real Assets, deployed in the Diversified Data Center Portfolio, Baltimore & Minneapolis Industrial Portfolio, US Student Housing IV Portfolio and US Student Housing V Portfolio. $271million was deployed in Corporate Investments, including Miebach in Germany, PKF O'Connor Davies in the US and Epipoli in Italy. A further $101 million in Global Credit was deployed across various CLOs. Offsetting this, the Company benefited from continued solidsyndication activity from the broader Investcorp group, with $718 million of total syndication, the majority of which came from Real Assets, amounting to $465 million. Corporate Investments syndication stood at $211 million, Global Credit was $41 million, and Strategic Capital was $1 million. Outlook: The Company has made good progress fiscal year to date with continued profitability and growth on a quarter-on-quarter basis. Looking forward to the remainder of fiscal year 2025 and into 2026, the Company will continue to capitalize on the activity of 2025, looking for attractive exit and investment opportunities in line with its stated long-term objective of delivering attractive long-term returns on invested capital.
