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Bahrain-based firm investing in SA properties

SAN ANTONIO – A real estate firm with a global scope has added part of a local business park to its portfolio.

Investcorp, a Bahrain-based investment manager, recently acquired the site that encompasses 11803 to 11995 Starcrest Dr. from Los Angeles-based real estate firm Omninet Capital. 

The properties carry a combined assessed value of nearly $18 million. The company appears to have acquired ten buildings in the sale.​

Investcorp took out a $36.2 million loan from BankUnited as part of the transaction.

A separate entity—Starcrest Blossom LLC—continues to own a portion of the office park at 12095 Starcrest Dr.​


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