Investcorp Secures $1 Billion Refinance From Morgan Stanley For Industrial Portfolio In Phoenix And Orlando

The transaction involves a refinance loan secured by Investcorp for an industrial portfolio consisting of four U.S. properties. The total portfolio spans 14.4 million square feet and is located in the markets of Phoenix and Orlando. The loan amount secured is $1 billion, with no maturities until 2027.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,000,000,000
• Lender: Morgan Stanley
• Landlord: Mohammed Alardhi & Rishi Kapoor - Investcorp
• Market: Phoenix & Orlando
• Asset Size: 14,400,000 SF
• Number of Properties: 128 Class B and Class A

This refinancing deal was led by Morgan Stanley and includes financing tied to a fund launched in collaboration with two sovereign wealth partners. The transaction underscores the ongoing investment activity in the industrial real estate sector, focusing on long-term stability without imminent maturity concerns.