REAL ESTATE NEWS

Investcorp has paid roughly $400 million to acquire an industrial portfolio in seven markets throughout the U.S. that all experienced demand growth recently.

The assets are located in North Atlanta (814,000 square feet), South Florida (115,000 square feet), Sacramento, California (1.3 million square feet), Long Island, New York (92,000 square feet), Philadelphia, Pennsylvania (76,000 square feet, Northern New Jersey (44,000 square feet) and Tampa (156,000 square feet).

The total portfolio takes up roughly 2.6 million square feet, with 35 buildings. The average occupancy sat at 97 percent, as of October. Most of the assets are infill product, with the North Atlanta properties the only ones consisting of light industrial.

While industrial has been at the forefront of concern in 2025 due to uncertainties surrounding trade policy, all seven of those markets enjoyed an increase in demand during the third quarter, according to Investcorp, citing data from Green Street Advisors. Also, the new deliveries in the regions take up less than 1.3 percent of the inventory. Additionally, construction starts have been declining, leading to higher industrial rents and the "potential for increased profitability," according to Investcorp.

“Despite shifting trade dynamics and supply chain disruptions across the country, the U.S. industrial sector has retained its foundational strength,” Herb Myers, global head of real assets at Investcorp, said in a statement.

“This is particularly true for these and similar properties, which exhibit diversified rent rolls and are located in highly accessible infill locations in top coastal industrial regions. In addition, government incentives and infrastructure investments are fueling the expansion of the domestic industrial sector, creating more growth potential."

To add to that point, Investcorp may not be done playing offense, as Myers added that it continues to look at opportunities to deploy capital in the industrial sector. Currently, 98 percent of the investment firm's portfolio is concentrated in either industrial or residential. Also, the company claims that it has been one of the five biggest cross-border acquirers of real estate in the U.S. during the past half-decade.

The move today comes after Investcorp earlier in the fall acquired a Midwest industrial portfolio for $365 million. The properties were located in Columbus, Chicago, Cincinnati and Cleveland.

Source: GlobeSt/ALM