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Bahrain based Arcapita acquires real estate portfolio in the US

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Arcapita has partnered with Weston, an Ohio-based real estate owner-operator.

Tuesday 13, November 2018 BY KUDAKWASHE MUZORIWA

Arcapita has acquired a seven-property industrial real estate portfolio in Cleveland, Ohio.

In a statement, Arcapita stated that its Cleveland portfolio comprises 655,000 square feet of high-quality industrial assets within the metropolitan area and is occupied by a diverse range of tenants operating in the logistics, technology and assembly space.

Arcapita has partnered with Weston, and Weston will maintain a joint-venture investment in the portfolio and will serve as the leasing and managing agent.

Atif A Abdulmalik, Arcapita’s CEO, said, “Expanding our US real estate footprint is a key pillar of our growth strategy.”

TAGS : Arcapita, real estate, Ohio, Weston

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