Investcorp Capital Successfully Exits $550 million of Multifamily Assets at a Premium – Investcorp Capital

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29 May 2025

Investcorp Capital Successfully Exits $550 million of Multifamily Assets at a Premium

Exit was secured at a premium, bolstering Investcorp’s successful record of realized real estate investments

Abu Dhabi, 29 May 2025 – 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.