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GFH Partners injects $450m in US real estate sector

GFH Partners injects $450m in US real estate sector
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Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has invested $450 million in the US real estate sector between the fourth quarter (Q4) of 2023 and Q1-24.

In the Medical Clinics sector, GFH Partners has a portfolio of assets valued at nearly $150 million, according to a press release.

The portfolio is backed by investment-grade healthcare systems, such as Memorial Hermann and Baylor Scott & White, which are among the largest healthcare systems in the state of Texas.

It widened GFH Partners’ medical clinics' exposure to more than 35 properties under management exceeding $800 million in value.

GFH Partners also acquired a portfolio in Student Housing, which has a value of approximately $300 million.

Nael Mustafa, CEO of GFH Partners, said, “With these acquisitions, GFH Partners along with our subsidiaries, Student Quarters and Big Sky, continues to position itself as a gateway to unique real estate opportunities originated and managed holistically by the GFH Group.”

Meanwhile, GFH Partners is focused on expanding the group’s global asset management capabilities in the real estate sector globally, as it manages over $6 billion of real estate assets as part of the total $18 billion of assets managed by the group.

In the January-December 2023 period, the net profits of GFH grew by 7.69% year-on-year (YoY) to $105.23 million from $97.71 million.