The global investment manager purchased five communities in Arizona, Georgia and Texas. : An Investcorp fund has acquired five multifamily properties totaling 2,228 units in Arizona, Texas and Georgia for approximately $420 million. Investcorp, a global provider and manager of alternative investment properties, has completed more than $1 billion in U.S. multifamily purchases in the last 10 months, including the acquisition in December of five properties totaling 1,854 units in Georgia, Florida and Maryland for $370 million.