Abu Dhabi - Mubasher: Investcorp Capital has invested $200 million in US residential real estate, expanding its exposure to senior living and selectively re-entering the multifamily segment as housing market conditions improve.
The portfolio includes three assets with an average occupancy of approximately 94% at the end of 2025, according to a press release.
The assembled portfolio comprises 148-unit and 116-unit senior living properties in California's Orange County and New York's Long Island, respectively. This is in addition to a New Jersey-based 199-unit multifamily community in Bloomfield.
Meanwhile, this investment reflects strong demographic-driven demand in senior housing, alongside attractive entry pricing in selected multifamily markets following recent valuation adjustments.
Sana Khater, the CEO of Investcorp Capital, commented: “This investment reflects our continued focus on deploying capital across alternative assets into high-quality opportunities that can deliver strong, consistent returns over time.”
“By investing in areas supported by long-term demand, while also taking advantage of attractive opportunities as markets recover, we are building a resilient and well-diversified portfolio,” the CEO added.
For his part, Jonathan Dracos, CIO of Investcorp Capital, said: “We have maintained a disciplined, value-oriented approach to US real estate through the recent dislocation, with a focus on cash flow durability and operational upside.”
“We are now seeing more attractive entry points, particularly in sectors where fundamentals remain intact, but pricing has adjusted,” the CIO emphasized.
Dracos concluded: “In multifamily, this means targeting well-located assets with strong in-place income and the ability to drive growth.”
The company highlighted strong demographic tailwinds supporting senior housing demand. According to the U.S. Census Bureau, the US population aged 80 and above is projected to grow by more than 70% by 2035 and more than double by 2045.
Industry data also indicates that senior living is among the fastest-growing US real estate segments through 2029.
During the first half (H1) of fiscal year (FY) 2025/2026, the ADX-listed company generated lower net profit after tax at $27 million, compared with $28 million in the same period a year earlier.
