& By Blake Goud & Kuwait Finance House (KFH) has re-entered the US market following the real estate crash in August 2009 with a $450m JV with UDR Incorporated, a real estate investment trust. When the deal was announced Kuwait Finance House indicated an expectation of becoming fully invested over a two-year period. Yet, here we are nearly two years later and the only acquisition made was the $43m purchase of an apartment building in Silver Spring, Maryland. KFH did not respond to requests for and UDR declined to comment on its joint venture with KFH. © The Islamic Globe 2011¬
|
