PRESS RELEASE

ARCAPITA ACQUIRES INDUSTRIAL REAL ESTATE PORTFOLIO IN THE US

• Arcapita has overseen $2 billion of industrial real estate transactions in the US and • Demand for distribution space expected to grow, driven by boom in e-commerce and increased supply chain sophistication

MANAMA, , 13 November 2018 – Arcapita, a global leader in Shari’ah-compliant alternative investments has acquired a seven-property industrial real estate portfolio in Cleveland, Ohio.

The Cleveland portfolio comprises 655,000 square feet of high-quality industrial assets within the metropolitan area and is occupied by a diverse range of creditworthy tenants operating in the logistics, technology, and assembly space.

Arcapita has partnered with Weston, an Ohio-based real estate owner-operator, with a strong history in Cleveland and the wider Mid-west. Weston will maintain a joint-venture investment in the portfolio and will serve as the leasing and managing agent.

The acquisition is part of Arcapita’s broader US industrial real estate strategy targeting quality assets within the last mile and light industrial sub-sectors, with locations in close proximity to major population centers that enjoy strong consumer demand and developed supply chain infrastructures.

Atif A. Abdulmalik, Arcapita’s Chief Executive Officer, said: “We have a strong track record in the industrial warehousing sector, having overseen $2 billion of industrial real estate transactions in the US and Asia. We previously managed and successfully exited five industrial portfolios comprising over 100 properties, including a $1.4 billion IPO.”

“Expanding our US real estate footprint is a key pillar of our growth strategy, and I am pleased with the progress our US team has achieved in building our industrial portfolio. We have good momentum and are excited to expand our portfolio in the sector with additional acquisitions in the months to come.”

Commenting on the transaction, Martin Tan, Arcapita’s Chief Investment Officer, said: “We expect the industrial sector to experience attractive growth on the back of strong and continued demand from tenants in the e-commerce and manufacturing supply chain segments. We have recently expanded our US team, and this acquisition highlights the depth of our asset sourcing network in the US and our commitment to the market.”

-Ends-

PRESS RELEASE

Photo caption

Arcapita 1-2: Atif A. Abdulmalik, Arcapita’s Chief Executive Officer, believes that there is significant potential for growth in the US industrial real estate market, and looks forward to growing Arcapita’s portfolio in the sector.

Contact

Finsbury Aditi Mane Tel: +971 507384146 Email: [email protected]

Arcapita Tariq Hayat Tel: +973 17 218 333 Mob: +973 39 461103 Email: [email protected]

NOTES TO EDITORS

About Arcapita Arcapita is a leading alternative investment manager, with offices in Bahrain, , London and . Arcapita’s principal lines of business are private equity and real estate, and its management has a 20-year track record of over 80 investments with a total transaction value in excess of $30 billion.

Further details on Arcapita can be found at www.arcapita.com