Bahraini banks acquire key US real estate portfolio

Wed, 2016-03-16 17:06 — newsdesk

A consortium of Bahrain-based lenders Venture Capital Bank (VC Bank) and Seera Investment Bank has acquired a major real estate portfolio consisting of two multifamily residential assets in Atlanta (US) comprising 866 units. This marks the consortium’s first investment in the US multifamily sector and has been in co-operation with a local partner that has experience in the management and operation of multifamily residential assets. Atlanta remains a hot favourite among global investors, thanks to the large number of Fortune 500 companies that are headquartered there. It is also the fourth biggest city with headquartered Fortune 500 companies after New York City, Houston, and Dallas.

Source:

http://www.tradearabia.com/news/CONS_302925.html

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