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Hedge Fund Owns 24 Texas Shopping Centers

New York (HedgeCo.net) – Hedge fund manager Investcorp’s US-based real estate arm has made over $100 million in acquisitions in the past 30 days.

The most recent of three purchases made by Investcorp over the past 30 days was the Coral Palm Plaza, a 135,672 square foot shopping center located in Coral Springs with a total value of approximately $105 million.

The first was the acquisition, in January, of Princeton Forrestal Village, a 550,000 square foot mixed-use development in Princeton, New Jersey. The second was the acquisition earlier this month, in joint venture with Global Fund Investments, of Shops at Tech Ridge, a 332,845 square foot retail power center in Austin, Texas.

Following this acquisition, Investcorp now owns 24 shopping centers in the State of Texas.

Alex Akesson
Editor for HedgeCo.net
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