GFH Partners Ltd (“GFH Partners”), a subsidiary of GFH Financial Group, announced that it has concluded investments totaling US$450 million in the US real estate sector between the fourth quarter of 2023 and the first quarter of 2024.
The investments are built on GFH Partners’ thematic investing into the student housing segments of the US real estate market, each benefiting from proven rental growth, low national vacancy, and market stability.
GFH Partners has acquired a lucrative portfolio in Student Housing. Student Housing Portfolio III, which has a value of approximately US$300 million, encompasses high quality assets that include three brand-new, income-generating properties strategically situated near top-tier public universities in strong-performing markets. The Portfolio includes 1,300 beds and currently boasts an impressive 97% occupancy rate and is well-positioned for continued growth.
GFH Partners has already secured co-investments in the Portfolio from leading and globally renowned institutional players. The Portfolio will predominantly be managed by GFH Partners’ subsidiary, Student Quarters, an Atlanta, Georgia-based student housing asset manager with over 15,000 beds in its portfolio. The acquisition also follows on from the firm’s highly successful recent exit from its Student Housing Portfolio I which delivered a remarkable 122% return for investors within just two years.
Commenting on the acquisitions, Nael Mustafa, CEO of GFH Partners, said, “In acquiring our third series of portfolios Student Housing sectors, we reiterate our commitment to strategic sectors that have strong fundamentals underpinned by demographical tailwinds, demand/supply imbalances, and attractive entry levels.”
GFH Partners is focused on expanding the Group’s global asset management capabilities in the real estate sector globally and currently manages more than US$6 billion of real estate assets as part of the total US$18 billion of assets managed by the Group.
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