News

GFH makes another investment in US healthcare market

GFHBahrain-based Islamic investment firm GFH Financial Group has acquired a second portfolio of US medical clinics. The transaction is valued at around US$400 million and is the firm’s second investment in US healthcare facilities. The portfolio comprises 11 assets spread across four states – California, Texas, Maryland and Louisiana. One of the main reasons for the investment is the sector’s resilience in the face of economic downturns, highlighted by the fact that there was 99% rent collection during the pandemic. “We believe strongly in the long-term fundamentals in the healthcare sector and the dynamics that are supporting an increase in demand for high-quality medical office space,” said GFH co-chief investment officer, real estate, Nael Mustafa. “This includes aging populations and growth in out-patient care which continues to make the sector highly recession-resilient and unimpacted by economic cycles.” ©2022 funds global mena

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