| Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the kingdom, has joined hands with Regent Properties, a real estate development and investment firm based in Los Angeles, US, to acquire a major stake in its existing portfolio of commercial real estate assets worth $250 million across the country.
The US group's real estate portfolio comprises substantially leased, income-generating Class-A office buildings in the Phoenix, Arizona and Dallas (Texas) areas. With this transaction, Mumtalakat will be joining existing Regent investors including affiliates of BlackRock, CAM Capital, and other well-known endowments and pension funds...............................................Full Article: Source
|