Bahrain’s GHF Financial Group has acquired a second US medical clinics portfolio at $400 million, as the firm continues its US expansion.
According to a press release, the newly acquired portfolio comprises 11 assets spread across four states: California, Texas, Maryland and Louisiana.
The new investment capitalizes on GFH’s joint venture partnership with Big Sky Medical, an asset management firm focused on medical assets.
Over the past six months, GFH, along with Big Sky Medical, has acquired assets worth $500 million.
To date, GFH has built a portfolio of assets in the US medical office building sector valued at $1 billion.
“We are pleased to announce the acquisition of this prime, income-yielding medical clinic portfolio as part of GFH’s ongoing expansion in the medical office building sector in fast-growing cities across the US,” said Nael Mustafa ,co-chief investment officer for real estate at GFH.
He added: “We believe strongly in the long-term fundamentals in the health care sector and the dynamics that are supporting an increase in demand for high-quality medical office space.”
source/content: arabnews.com (headline edited)
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