Investcorp buys apartments in Plant City, Winter Haven

Properties are part of $370 million deal with Equus Capital

By Kevin McQuaid
| 6:00 a.m. June 28, 2019
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Commercial Real Estate

Bahrain-based Investcorp has added a pair of regional apartment complexes to its portfolio as part of a $370 million deal that is the largest U.S. real estate purchase it’s completed in a decade.

As part of an 11-property trade with Equus Capital Partners Ltd. involving more than 2,600 units, Investcorp says it bought multifamily rentals in Tampa; Orlando; Raleigh, N.C.; Atlanta; Philadelphia; and St. Louis, Mo.