Bahrain’s GFH acquires $300m US student housing portfolio – The National

Bahrain’s GFH acquires $300m US student housing portfolio – The National

Bahrain-based investment bank GFH Financial Group has acquired a student housing portfolio in the US in partnership with its Atlanta-based subsidiary, Student Quarters (SQ), in a deal worth $300 million as the sector continues to grow.

It acquired five assets, including buildings within walking distance of Texas A&M University, Michigan State University and Missouri State University, GFH said in a filing on Thursday to the Abu Dhabi Securities Exchange, where its shares are traded.

The portfolio has more than 2,000 beds, with the buildings featuring amenities such as swimming pools, courtyards, coffee shops, study lounges, clubhouses, game rooms and fitness centres.