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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Mumtalakat in US real estate partnership deal

Posted on 24 May 2016

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


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