#Bahrain’s Al Salam Bank exits $182.5 mln U.S. multifamily real estate
Bahrain's Al Salam Bank has sold a portfolio of seven multifamily assets in the United States for $182.5 million. Al Salam acquired the real estate assets in North Carolina and Texas in 2016. The bank said the sale price exceeds the original underwriting for the portfolio. Al Salam Bank’s head of private banking Ali Habib Qassim said the exit comes at an opportune time ahead of the uncertainty of the current COVID-19 crisis.
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