18 May 2026

Investcorp, a leading global alternative investment firm, today announced the acquisition of a diversified industrial real estate portfolio located across key U.S. distribution markets. The portfolio is comprised of 19 industrial properties totaling approximately 1.4 million square feet across Dallas–Fort Worth, Chicago, Indianapolis and Cincinnati, in highly accessible submarkets that serve both regional and national supply chains. The acquisition was executed at an attractive cost basis and capitalizes on continued resilience in the industrial sector.

“This portfolio exemplifies the type of industrial investment opportunities we continue to pursue across our Real Assets platform in the U.S.,” said Herb Myers, Global Head of Real Assets at Investcorp. “U.S. industrial fundamentals remain durable and are supported by long-term demand drivers such as e-commerce, nearshoring and domestic manufacturing. Additionally, new supply remains highly constrained in these logistics markets, creating favorable demand dynamics.”
The portfolio is approximately 97% occupied and leased to a diversified tenant roster across a range of industries, including light manufacturing, industrial services, logistics, wholesale distribution and consumer-related businesses. The assets include:

• 13 buildings spanning nearly 1 million square feet in Dallas-Fort Worth, TX;
• Four properties spanning approximately 286,000 square feet in Chicago, IL;
• One property comprising nearly 130,000 square feet in Indianapolis, IN; and
• One 100% occupied, 44,000-square-foot asset in Cincinnati, OH.

These four central U.S. markets are among the most established logistics hubs in the country, benefiting from proximity to major population centers, critical transportation infrastructure and diversified economic bases. Characterized by moderating new supply and improving tenant demand, the markets’ vacancy has decreased from late 2025 levels as construction activity has slowed and occupiers have remained focused on efficiently located facilities, conditions that continue to support strong occupancy and durable cash flows for industrial assets.

“We remain focused on acquiring well-located industrial assets at attractive price points with strong in place cash flow and clear opportunities for value creation,” said Ben Gilman, Co Head of U.S. Commercial Acquisitions at Investcorp. “These assets’ high occupancies and tenant diversification help position the portfolio for what we believe to be durable performance in both the near and long term.”
Investcorp has acquired approximately $900 million and more than 6.6 million square feet in industrial assets over approximately the last 14 months for its Private Wealth platform, demonstrating its conviction in the asset class and ability to purchase assets at scale. Its recent acquisitions over this time period span 13 different markets across the U.S., solidifying its national, coast-to-coast presence in the country’s most prominent industrial markets.

Investcorp remains one of the most active cross-border investors in U.S. real estate, with industrial and residential assets comprising approximately 99% of the firm’s U.S. real estate portfolio. Over the past five years, Real Capital Analytics has consistently ranked Investcorp among the top five largest cross-border buyers of U.S. real estate. In 2025, the firm’s real assets team ranked #42 on PERE’s annual PERE 100 list, reflecting its continued growth and execution across global markets.