DUBAI —Investcorp, a Bahrain-based investment firm, bought five office properties in the Washington, D.C., Denver and Houston metropolitan areas for about $200 million through its U.S.-based real estate arm, it said on Tuesday.
The properties total more than a million square feet and are located in "markets characterized by economic growth and low unemployment," the company said in an emailed statement. The three properties are the Tysons Commerce Center in Tysons Corner, Virginia, Westmoor Place in Denver and One Westchase Center in Houston, the statement said.
Investcorp, which has about $11.5 billion of assets under management, has been an active investor in recent months. The company in December spent about $100 million on U.S. real estate, including residential units in Houston. It bought office properties in Houston and Chicago for $120 million in January.
Investcorp has also been an active private equity investor recently. It bought part of a Turkish luxury menswear company last July, followed by a stake in a Kuwaiti leasing company in September and the takeover of Georg Jensen, a Scandinavian luxury retailer, in November.
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