GFH Partners acquires $300 m portfolio of US student housing asset
TDT | Manama
Email: mail@newsofbahrain.com
GFH Partners Ltd., the DIFC based global asset management arm of GFH Financial Group, announced that it has successfully secured A-Class purpose built student housing assets worth US$ 300 million in the United States.
The assets have been added to GFH Partners’ US student housing platform, which now has more than 5,500 beds and assets under management worth approximately US$900 million. The assets are presently 99% occupied and are within pedestrian distance to major public four-year universities, with enrollments exceeding 30,000 students per academic year.
These include two assets serving the University of North Texas (859 beds), an asset targetting student accommodation for the University of Kentucky (649 beds), and a development project within close proximity to the University of Tennessee set to deliver around 605 beds upon completion in 2026. The three markets benefit from strong enrollment growth in their respective universities and have limited supply thus allowing for higher occupancy and stronger rental growth.
Commenting on the secured transactions, Nael Mustafa, CEO of GFH Partners, said, “These acquisitions build on our strong track record and proven capability in the student housing sector. The assets secured deliver attractive risk-return profile opportunities to our investors.”
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