Bahrain’s GFH acquires $300mn US student housing portfolio

Bahrain’s GFH acquires $300mn US student housing portfolio

Bahrain-based leading financial group, GFH Financial Group has acquired a $300 million student housing portfolio affiliated to selected top-rated universities located in Texas, Michigan, and Missouri in the United States (US).

The acquisition is in partnership with GFH subsidiary Student Quarters, an Atlanta-based student housing specialist.

The five assets acquired include facilities near Texas A&M University, Michigan State University, and Missouri State University.

The Group said in a statement that the portfolio has more than 2,000 beds with assets located within walking distance of their respective affiliated universities. They are relatively new and include amenities designed specifically to cater to student needs such as swimming pools, courtyards, coffee shops, study lounges, clubhouses, game rooms, and fitness centers.

Nael Mustafa

Co-Chief Investment Officer

GFH “As part of GFH’s growing real estate activities, we are delighted to continue our investment in the student housing sector, which is experiencing positive momentum given the rise in US university enrollment, the growing US population and scarcity of class-A pedestrian, purpose-built assets. Our subsidiary Student Quarters also gives GFH and our shareholders a tremendous edge in this sector supporting value creation, alignment of interest and pure focus on achieving the targeted returns for GFH and its investors. They have an exceptional track