GFH Partners, the global asset management arm of GFH Financial Group, has acquired A-Class purpose-built student housing assets worth $300 million in the United States.
The assets, which are 99 per cent occupied, are located near major public universities and bring GFH Partners’ total US student housing portfolio to more than 5,500 beds and $900m in assets under management.
The acquisitions include properties near the University of North Texas, the University of Kentucky, and a development project near the University of Tennessee.
GFH Partners partnered with SQ Asset Management and Vesper Holdings on the deals.
“These acquisitions build on our strong track record and proven capability in the student housing sector,” said Nael Mustafa, chief executive of GFH Partners.
“We continue to see merit in deploying capital in this sector due to the demand-supply imbalances in leading, four-year public universities.”
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