Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has secured A-Class purpose-built student housing assets worth $300 million in the US, according to a press release.
The assets were added to the company’s US student housing platform, which currently has more than 5,500 beds and assets under management (AUM) worth nearly $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 with 859 beds, an asset targeting student accommodation for the University of Kentucky via 649 beds, and a development project within close proximity to the University of Tennessee set to deliver around 605 beds upon completion in 2026.
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.”
“We continue to see merit in deploying capital in this sector due to the demand-supply imbalances in leading, four-year public universities with strong research and/or sporting programmes,” Mustafa added.
In July, GFH Partners Limited closed its seventh logistics and industrial fund in the US.
