Investcorp and TitanCorp Establish Scholarship Program for its Workforce Housing Portfolio

28 Jun 2022

Investcorp, a leading global alternative investment firm, today announced a partnership with TitanCorp’s THRIVE program, a scholarship initiative designed to give residents in TitanCorp apartment communities the opportunity to complete certifications at the schools of their choosing.

The partnership, which officially launched in February 2022, allows select residents at Investcorp’s 17,500 multifamily units to apply for scholarships to pursue degrees to work as medical assistants, electricians, paralegals, and paramedics, among other professions. Investcorp will implement TitanCorp’s THRIVE scholarship program for select residents at the firm’s Class B apartment portfolio in the United States, in markets such as Florida, Georgia and Texas. Investcorp has initially allocated $500,000 at a rate of $20,000 per property, and plans to grow its initiative each year.

“We are proud to leverage our industry position to support this first-of-its-kind partnership to empower Americans to pursue careers of their choice,” said Michael O’Brien, Co-Head of Real Estate, North America, at Investcorp. “As we see an increased need to support U.S. infrastructure, a gap in skills and the increasing cost of education has been evident and there continues to be a strong need for qualified individuals with advanced degrees. We look forward to giving our residents the opportunity to reach new goals and find success in their communities.”

“This program will give many of our residents an opportunity to pursue not only careers, but also acquire foundational skills that will propel them to advance in the U.S. workforce, such as learning English as a second language,” said Jeff Tabor, CEO, at TitanCorp. “I am proud to be working with our partners at Investcorp and with their support, we are excited to have the resources to continue rolling out this program throughout TitanCorp’s portfolio.” TitanCorp is a national multifamily firm with an institutional platform specializing in value-add real estate investments located in the Sun Belt region of the US.

Since 1996, Investcorp’s real estate platform has acquired over 1,100 properties for a total value of approximately $23 billion. According to Real Capital Analytics, Investcorp is among the top-10 largest cross-border buyers and sellers of US real estate over the past three full years of 2019, 2020 and 2021.