Bahrain’s GFH acquires 2nd US Medical Clinics portfolio at $400mn

Bahrain’s GFH acquires 2nd US Medical Clinics portfolio at $400mn

Bahrain-based leading financial group, GFH Financial Group has expanded its exposure to the medical clinics sector through a second US Medical Clinics Portfolio in a transaction valued at $400 million.

The income-yielding portfolio is comprised of 11 geographically diversified assets spread across four US states including California, Texas, Maryland and Louisiana.

Covering an area exceeding 1 million square feet, the Portfolio is anchored by investment-grade credit tenancy through Baylor Scott & White (Moody’s Aa3), Texas A&M Health Science Center (Fitch AAA), Texas Tech University (Fitch AA+), Memorial Hermann (S&P A+) and Tidal Health (Moody’s Aa3). The assets also offer unique specializations within their respective submarkets, positioning them for high occupancy and rent growth.

Nael Mustafa

Co-Chief Investment Officer

GFH “We are pleased to announce the acquisition of this prime, income-yielding medical clinic portfolio as part of GFH’s ongoing expansion in the medical office building sector in fast-growing cities across the US. We believe strongly in the long-term fundamentals in the healthcare sector and the dynamics that are supporting an increase in demand for high-quality medical office space. This includes aging populations and growth in out-patient care which continues to make the sector highly recession-resilient and unimpacted by economic cycles. We look forward to working with