Investcorp Acquires 10 Office Buildings In San Antonio From Omninet Capital

The asset involved in this transaction consists of 10 office buildings located at 11803 - 11995 Starcrest Drive in the San Antonio market. These properties are a part of the increasing demand for smaller office properties in the North Central area, which has been experiencing a vacancy rate of 17%.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Buyer: Investcorp - Rishi Kapoor & Hazem Ben-Gacem
• Seller: Omninet Capital
• Lender: BankUnited
• Market: San Antonio
• Vacancy Rate: 17.4% overall, 17% in North Central area

Rishi Kapoor and Hazem Ben-Gacem represented Investcorp in the acquisition of the properties from Omninet Capital. The transaction was underpinned by a $36 million loan secured from BankUnited to facilitate the deal.