Latest news with #multifamily
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.
Crypto Insight
7 days ago
- Business
- Crypto Insight
Cardone Capital launches 10X Miami River Bitcoin Fund
Cardone Capital, a real estate investment firm with over $5 billion in assets under management, launched the 10X Miami River Bitcoin Fund, a dual-asset fund consisting of a 346-unit multifamily commercial property located on the Miami River in Miami, Florida, and $15 million of Bitcoin. In an interview with Cointelegraph, Cardone Capital founder and CEO Grant Cardone said the Miami River Bitcoin Fund, which is the firm's fourth blended investment vehicle mixing BTC and commercial multifamily real estate, will convert a portion of its monthly cash flows to BTC. Cardone told Cointelegraph the impetus to start the fund followed a suggestion from his brother. The CEO said: 'My brother said to me, you should look at if you would have converted all your cash flow from real estate to Bitcoin and what that would have done over the last 12 years. Well, it would have taken $160 million and turned it into around $3 billion.' 'So, when I saw that, I said I am going to create a fund where we buy real estate, add bitcoin, and then use the cash flow from the real estate purchase to buy more Bitcoin,' the CEO continued. The CEO also told Cointelegraph that the long-term goal of Cardone Capital is to accumulate $1 billion of real estate and $200 million in BTC, which will be held as a treasury asset, across the hybrid funds. The funds' unique approach of blending income-producing hard assets and Bitcoin as a store of value could disrupt the market for real estate investment trusts (REITs), market-traded funds giving investors access to baskets of income-producing properties, and other traditional commercial real estate investment vehicles. Onboarding users to Bitcoin by abstracting away the technical barrier to entry The CEO added that he wants to onboard investors and tenants alike to Bitcoin and expose them to the digital asset, without them necessarily having to acquire the technical knowledge to understand how Bitcoin works. A rewards program, paid in Satoshis, to long-term tenants, who pay on time and exhibit good renter behavior, is one idea the real estate investment firm is mulling, Cardone told Cointelegraph. One of the goals of the hybrid real estate BTC funds is to drive the adoption of Bitcoin and provide investors, who would otherwise avoid Bitcoin due to having to overcome the technical barrier to entry, with exposure to the digital asset, the CEO said. 'We are onboarding people into a real estate vehicle that they understand and buying Bitcoin for them,' the CEO added. Cardone also told Cointelegraph that he is working with other financial firms to create a hybrid Bitcoin mortgage product giving clients the ability to borrow against their combined Bitcoin holdings and equity held in a real estate investment. Source:
Associated Press
25-05-2025
- Business
- Associated Press
T-Max Lending Secures $22 Million Refinance for 145-Unit Multifamily Property in Tampa, Florida
TAMPA, Fla., May 24, 2025 (GLOBE NEWSWIRE) -- T-Max Lending, a leading commercial real estate financing firm, is proud to announce the successful closing of a $22 million refinance for a 145-unit multifamily property in Tampa, Florida. This transaction underscores T-Max Lending's expertise in navigating complex financing scenarios and delivering tailored solutions for its clients. Located in the heart of Tampa's vibrant rental market, the 145-unit multifamily property is a well-maintained, apartment community offering a mix of one-, two-, and three-bedroom units. The property features modern amenities, including a fitness center, swimming pool, and communal green spaces, catering to a diverse tenant base. Situated in a high-demand neighborhood with proximity to major employment hubs, retail centers, and public transit, the property benefits from Tampa's strong economic growth and robust multifamily market fundamentals. The $22 million refinance was structured to retire existing debt and provide the borrower with additional capital for property improvements and operational flexibility. T-Max Lending secured favorable terms, including a competitive interest rate and flexible prepayment options, ensuring long-term financial stability for the borrower. The transaction was completed in just 40 days, a testament to T-Max Lending's efficiency and deep relationships with top-tier lenders. The refinance presented unique challenges due to pending issues with the borrower's existing lenders, including documentation discrepancies and unresolved compliance matters. These hurdles threatened to delay or derail the transaction, potentially impacting the borrower's ability to capitalize on Tampa's strong market conditions. T-Max Lending's team of seasoned professionals worked closely with the borrower to address these issues, conducting a thorough review of the existing loan agreements and collaborating with all parties to resolve outstanding concerns. 'We're proud to have delivered a tailored lending solution that not only refinanced the asset on favorable terms, but also cleared up complex legacy issues,' said Mason Simmons, Managing Director at T-Max Lending. 'This deal reflects our team's commitment to guiding clients through complicated capital markets scenarios with precision and speed.' The new $22 million loan offers improved interest rates and extended terms (36 Months), significantly enhancing the borrower's financial position and enabling continued reinvestment in the property. T-Max Lending's expert negotiation and project management throughout the process ensured that the refinance closed on time and aligned with the long-term objectives of the ownership. This transaction underscores T-Max Lending's capabilities in navigating intricate refinance transactions, especially in dynamic markets such as Tampa, where multifamily assets continue to outperform and attract investor interest. T-Max Lending is a national commercial real estate finance firm specializing in debt and equity solutions for multifamily and commercial assets. With deep capital markets expertise and a client-first approach, T-Max Lending delivers tailored financing strategies that maximize value and support long-term growth. For media inquiries, please contact: [email protected] (619) 259-0177 About T-Max Lending LLC T-Max Lending LLC is a forward-thinking lending institution offering a wide range of residential and commercial loan products. Committed to innovation, integrity, and customer-first service, T-Max is redefining how people access capital with smarter technology and streamlined processes. A photo accompanying this announcement is available at
