Saudi Fransi Capital records two exits from its global real estate assets worth SAR 1.5 billion

Logo of Saudi Fransi Capital

Saudi Fransi Capital announced the successful divestment of two of its US multi-city, last mile logistics portfolios in a combined sale exceeding $400 million (SAR 1.5 billion).

These portfolio were located across 22 sub-markets across the US, and were acquired in conjunction with joint venture partners in the US on behalf of separate account mandates that are managed by Saudi Fransi Capital on behalf of its clients.

Investors in both portfolios recorded an internal rate of return (IRR) of nearly 73% and 28%.

These sales mark the second and third successful exits for Saudi Fransi Capital from global real estate. This is following the successful exit of its earlier multi-city, last mile logistics portfolio at the end of 2019 for an approximate $620 million, recording an IRR of close to 15%.

Since the launch of its global real estate program in 2017, Saudi Fransi Capital has invested in more than 25 assets and portfolios across the US and Europe with approximate asset values in excess of $2.9 billion.

The firm’s international real estate program investments span across 15 million square feet of storage space in logistics, 2,100 apartment units in multi-family housing, 2.2 million square feet of leasable area in core and suburban office, and six high-end senior housing facilities.