Investcorp sells nearly $1B in multifamily assets

The private equity firm Investcorp has sold eight multifamily properties across the U.S. for $900 million. Investcorp said it sold the properties to multiple buyers, though it did not disclose specifically who those were. The buildings are located in four states — Arizona, California, Florida and New York — and were acquired by the company in 2016 and 2017, according to a release from the company. They’re described as “garden and townhome-style apartment buildings,” which

source https://therealdeal.com/2020/11/10/investcorp-sells-nearly-1b-in-multifamily-assets/