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Bahrain’s GFH acquired US student housing portfolio in $300 million deal

As part of its efforts to expand its international footprint, Bahrain's GFH Financial Group purchased a $300 million student housing portfolio in the United States.

According to a bourse filing, the company acquired five assets near Texas A&M University, Michigan State University, and Missouri State University, totaling more than 2,000 beds. "As part of GFH's expanding real estate activities, we are delighted to continue our investment in the student housing sector, which is experiencing positive momentum due to the rise in US university enrollment, the growing US population, and the scarcity of class-A pedestrian, purpose-built assets," said Nael Mustafa, co-chief investment officer of GFH's real estate unit. The purchase is part of the Bahraini firm's strategy to diversify its investment portfolio, with a particular focus on the student housing sector at the top 150 public universities in the United States.

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