Bahrain’s Mumtalakat Holding Company, the kingdom’s investment arm, has partnered with Regent Properties to acquire an interest in a pre-existing portfolio of US commercial real estate assets managed by Regent.

The portfolio is spread across income-generating Class-A office buildings in Phoenix, Arizona and Dallas, Texas, with an aggregate value of $250m.

According to Mumtalakat, the key advantages of the program are its attractive risk/reward profile with long-term growth prospects, along with its existing attractive cash yields.

Mahmood Hashim Alkooheji, Mumtalakat’s CEO, said: “This transaction, our third investment in the U.S. in less than two years, is in line with our ongoing strategy to partner with reputable international businesses looking for growth capital with a long-term investment horizon.”

Mumtalakat works to grow the wealth of Bahrain through primarily long-term investments, and is currently seeking to “diversify internationally and to build long-term partnerships with the potential to lead to further co-investment opportunities.”