Laurel Oaks managed by Madison Apartment Group in Raleigh, NC, part of portfolio Investcorp acquired/ Image provided by Equus Laurel Oaks managed by Madison Apartment Group in Raleigh, NC, part of portfolio Investcorp acquired/ Image provided by Equus

NEW YORK CITY—Investcorp acquired 11 multifamily properties totaling 2,615 units for approximately $370 million from Equus Capital Partners, Ltd. This deal marks the alternative investment manager's largest US real estate portfolio acquisition in more than a decade. Its real estate team on the deal is located in New York City.

“As one of the most active investors in US multifamily real estate, our real estate investment business continues to be an important driver of our ambitious long-term global growth strategy on the path to $50 billion in AUM,” says Mohammed Alardhi, Investcorp's executive chairman.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.