GFH Financial Group’s UAE-based subsidiary, GFH Partners, invested USD 450 mn in the US real estate sector between 4Q 2023 and 1Q 2024, according to a bourse disclosure (pdf). The company’s investments were concentrated in medical clinics and student housing, which enjoy rental growth, low national vacancy rates, and stable market conditions, according to the release.

The details: GFH Partners acquired several medical clinics worth USD 150 mn, focusing on states with “favorable long-term demographic trends, low tax environments, and growing inward migration,” according to the statement. This brings GFH Partners’ clinic portfolio to more than 35 properties valued at USD 800 mn, predominantly managed by its Dallas-based subsidiary, Big Sky Medical. The company also acquired a USD 300 mn student housing portfolio, which includes three new properties near top universities, totaling 1.3k beds with a 97% occupancy rate. Prominent institutional investors invested in the portfolio, named Student Housing Portfolio III. This acquisition comes after the successful sale of Student Housing Portfolio I, which delivered a 122% return for investors in two years.

Who’s managing the assets: GFH Partners’ clinic portfolio is predominantly managed by its Dallas-based subsidiary, Big Sky Medical, while its student housing portfolio will be managed primarily byAtlanta-based subsidiary, Student Quarters.

Tags: