21 Apr 2026

Investcorp, a leading global alternative investment firm, today announced that it has acquired a diversified portfolio of three residential assets totaling nearly 500 units in top-tier markets across the U.S. for approximately $200 million. The portfolio is comprised of one multifamily and two senior housing properties located in the Los Angeles and New York metropolitan areas.
The two senior living assets underscore Investcorp’s conviction for the sector and were executed on the heels of the firm’s recent acquisition of a 140-unit senior living community in Boston, Massachusetts. Investcorp is prioritizing the senior living sector to capitalize on its extremely favorable demographics and market dynamics.
The multifamily asset included in the transaction is located in Bloomfield, New Jersey, and is the first multifamily property that Investcorp has acquired in more than three years. As one of the most historically active multifamily buyers in the U.S., the firm has remained highly selective amid an ongoing reset in valuations, targeting only deals it believes have the most potential for value creation. The Bloomfield property represents a rare acquisition – a premier apartment community secured at an attractive price point, with the asset featuring stellar amenities and luxury finishes in a highly walkable neighborhood and rental rates notably more attainable than comparable New York City properties.
“These acquisitions represent the strategic expansion of our senior living – and more broadly, residential – portfolio in some of the largest and most influential MSAs in the U.S.,” said Michael O’Brien, Co-Head of U.S. Real Estate at Investcorp. “Our decision to re-enter the senior housing sector reflects the strong opportunity we see in the asset class, and we believe it’s poised for sustained performance due to the nation’s rapidly growing senior population, which has meaningfully increased demand for these assets amid stalling inventory growth. We’re planning to invest over $1 billion in this asset class over the next couple of years.”
With seniors standing as the fastest-growing demographic in the U.S., demand for high-quality senior living is surging. In fact, the aged-80-plus population is expected to increase by more than 70% by 2035, and more than double by 2045, according to the United Stated Census Bureau. Moreover, according to Green Street Advisors, the senior living asset class shows the highest forecast growth among all real estate sectors in the U.S. through 2029.
The recently acquired properties exhibited an average occupancy of 94% as of the end of 2025, and include:

• A 148-unit senior living property in Orange County, California;
• A 199-unit multifamily community in Bloomfield, New Jersey; and
• A 116-unit senior living property on Long Island, New York.

The New York Tri-State and Los Angeles MSAs are among the most desirable housing markets in the nation, with home values rising approximately 3% year over year, according to Zillow research data. Varied employment bases and favorable supply and demand environments in these areas translate into positive market dynamics for both senior living as well as more traditional multifamily communities.
Ryan Bassett, Head of U.S. Residential Acquisitions at Investcorp, stated, “The properties within this portfolio are strategically located in deep, diversified economies with sustained housing demand. Limited land availability, ongoing elevated construction costs and complex zoning requirements are barriers to entry in these markets, reflecting the potential for these assets to continue to perform in both the near and long term.”
Real Capital Analytics ranks Investcorp among the top five largest cross-border buyers of U.S. real estate over the past five years, and industrial and residential properties make up 98% of the company’s U.S. real estate portfolio. In 2025, the firm’s real estate team reached #42 on PERE’s annual PERE 100 list – a leading industry benchmark for real estate equity investment managers – up from #51 the previous year.