Bahrain-based Investcorp has successfully acquired two industrial portfolios located in Minneapolis and Baltimore. The transaction, valued at more than $335 million, reflects the firm’s ongoing strategy in the US real estate market.

The portfolios consist of a total of 27 properties, encompassing 2.7 million square feet of space. Investcorp, recognized as the largest alternative investment firm in the Middle East, continues to expand its footprint in the industrial sector.

Yusef al Yusef, the Global Head of Distribution at Investcorp, emphasized the firm’s confidence in the long-term potential of industrial assets. He noted that with e-commerce rapidly growing and a limited supply of urban properties, the demand for such investments remains strong.

Investcorp manages approximately $55 billion in assets and is ranked among the top five cross-border buyers of US real estate in the last five years, according to Real Capital Analytics. The firm’s investment strategy primarily focuses on industrial and residential properties, with these categories making up 98% of its portfolio.