Back News Investcorp grows US industrial real estate holdings with $380 million portfolio acquisition in Seattle, Phoenix, Los Angeles and Dallas 7 Oct 2021 Investcorp, a leading global provider and manager of alternative investment products, today announced that it has acquired 89 industrial properties totaling approximately 2.2 million square feet across four major US markets for a total purchase price of US $380 million. The properties grow Investcorp’s US industrial real estate holdings to approximately US $2.8 billion across approximately 27 million square feet comprised of more than 385 buildings. The latest acquisitions provide Investcorp with a 95% leased portfolio of Class B industrial warehouses with a diversified tenant base across a range of industries, including: technology, industrial services, business & administrative services, and maintenance & contracting services, among others. The properties comprising the portfolio are primarily located in the top major industrial markets by size including Los Angeles, California (ranked 2nd), Dallas, Texas (ranked 4th), Phoenix, Arizona (ranked 14th) and Seattle, Washington (ranked 17th)*. These markets have experienced strong growth in recent years as the rise of e-commerce and need for more efficient supply chains has increased demand for warehousing, distribution and fulfillment centers. “As active investors in the US industrial sector, we have observed firsthand the strength of our existing portfolio as e-commerce has boomed and supply chains are streamlined within growth markets throughout the US. We are excited to expand our already sizable US industrial portfolio with these key acquisitions in some of the largest and strongest industrial markets in the country,” said Herb Myers, Co-Head of Real Estate North America at Investcorp. “We look to invest in fast-growing regions with diversified economies, strong transportation infrastructure and access to the booming technology industry which is what we believe we have found in these industrial hubs.” Michael Moriarty, Principal, Commercial Acquisitions at Investcorp added: “The industrial asset class has enjoyed increased growth in recent years as e-commerce fueled the evolution of supply chain logistics and limited levels of new supply were unable to match new demand. Our latest acquisitions capitalize on the strong demand for industrial properties as the supply-demand imbalance is expected to continue to drive exponential rent growth.” Since 1996, Investcorp has acquired approximately 1,025 properties for a total value of over $21 billion. According to Real Capital Analytics, Investcorp is the 3rd largest cross-border buyer of US real estate, and 4th largest cross-border seller over the full years of 2019 and 2020. * Source: CBRE Econometric Advisors as of Q2 2021 Related News Investcorp builds €1bn European real estate portfolio 8 Nov 2021 White Papers Investcorp Real Estate North America Market Update: Multifamily – Continued Resiliency and Growth Nov 2021 News Investcorp Releases Real Estate White Paper on Resiliency and Growth of US Multifamily Real Estate 2 Nov 2021 News Investcorp announces first European real estate exit with sale of Bürocampus Wangen 19 Oct 2021 News Investcorp Expands its Real Estate Advisory Team with Two New Appointments 13 Oct 2021 News Investcorp grows US industrial real estate holdings with $380 million portfolio acquisition in Seattle, Phoenix, Los Angeles and Dallas 7 Oct 2021 News Investcorp continues to expand European real estate presence with acquisition of Milan office building 1 Oct 2021 News Investcorp acquires portfolio of seven UK industrial assets for £32.6 million 30 Sep 2021 Videos Neil Hasson on Real Estate Europe May 2021 White Papers Investcorp Market Update: North America Real Estate Mar 2021 News Investcorp acquires industrial portfolio in Wales 15 Feb 2021 News Investcorp sells eight US multifamily real estate assets for over US $900 million 10 Nov 2020 News Investcorp grows US industrial real estate portfolio to approximately US $2 billion 26 Oct 2020 News Investcorp successfully completes exit of UK industrial real estate portfolio 11 Oct 2020 News Investcorp Completes $200 Million Sale of Industrial Real Estate Portfolio in Boston and Chicago 14 Jul 2020 News Investcorp announces US $130 million Indian Real Estate Direct Lending Initiative 15 Jan 2020 News Investcorp acquires two industrial and logistics real estate portfolios for US $800 million 21 Nov 2019 News Investcorp Announces Acquisition of 11 US Multifamily Properties for Approximately $370 Million 10 Jun 2019 Videos US Real Estate: NY Investments May 2019 Videos Real Estate: Building Value Mar 2019 WHO WE ARE Overview History Environmental, Social and Governance Diversity, Equity and Inclusion Corporate Governance Investor Relations WHAT WE DO Overview Private Equity Real Estate Credit Management Absolute Return Investments Strategic Capital Infrastructure NEWS AND VIEWS News Research The Review Videos Viewpoints White Papers PEOPLE Overview 7:47AM NEW YORK 280 Park Avenue New York, NY 10017 United States of America T +1 212 599 4700 F +1 212 983 7073 12:47PM LONDON Investcorp House 48 Grosvenor Street London W1K 3HW United Kingdom T +44 (0)20 7629 6600 F +44 (0)20 7499 0371 1:47PM SWITZERLAND Investcorp Suisse AG Zugerstrasse 76b 6340 Baar Switzerland T +41 41 501 43 14 F +41 86 041 501 43 14 3:47PM MANAMA Investcorp House PO Box 5340 Manama Kingdom of Bahrain T +973 17 532 000 F +973 17 530 816 3:47PM RIYADH Al Faisaliah Tower – 29th Floor P.O. 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