{"id":16272,"date":"2016-06-12T18:59:34","date_gmt":"2016-06-12T11:59:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=16272"},"modified":"2016-06-12T17:10:46","modified_gmt":"2016-06-12T10:10:46","slug":"gfh-acquires-midwestern-property-portfolio-in-third-us-purchase","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-acquires-midwestern-property-portfolio-in-third-us-purchase\/","title":{"rendered":"GFH acquires Midwestern property portfolio in third US purchase"},"content":{"rendered":"


\nGFH has announced its third US real estate acquisition of the past 18 months, with the purchase of a portfolio of Midwestern distribution, warehousing and industrial properties for about US$65 million, the Bahrain investment company said on Sunday.GFH has forecast that the deal, which it expects to be reflected in its second quarter results, will provide an average cash yield of more than 8.5 per cent and an IRR of 10 per cent for its clients.The identity of the seller was not disclosed. “The portfolio is expected to provide a regular cash-flow stream resulting from long leases and [the] strong tenant base in the properties,” the company said in a statement.”Further, the portfolio is well diversified in terms of tenant base, location and individual properties, strengthening the portfolio’s performance.”The deal comes 10 weeks after GFH agreed to acquire a 30 per cent stake of No. 1 Palace Street in London’s Victoria for \u00a3100 million (Dh523.5m).The deal follows the purchase of about 30 buildings in seven US states, and the acquisition of three multifamily properties in Texas and Georgia.GFH shares were trading at about 0.69 per cent lower during Sunday morning trade in Dubai.jeverington@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…GFH acquires Midwestern property portfolio in third US purchase<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GFH has announced its third US real estate acquisition of the past 18 months, with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-16272","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4es","jetpack-related-posts":[{"id":128077,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bahrains-gfh-acquires-us-student-housing-portfolio-in-300-million-deal\/","url_meta":{"origin":16272,"position":0},"title":"Bahrain\u2019s GFH acquires US student housing portfolio in $300 million deal","date":"July 7, 2022","format":false,"excerpt":"\r The acquisition is part of the Bahraini firm\u2019s strategy to diversify its investment portfolio, particularly targeting the student housing sector within the top 150 public universities in the US\r \r Source : arabianbusiness.com\r Read more...Bahrain\u2019s GFH acquires US student housing portfolio in 0 million deal","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/07\/University-Edge-Exterior-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-launches-specialist-property-division\/","url_meta":{"origin":16272,"position":1},"title":"GFH launches specialist property division","date":"June 21, 2016","format":false,"excerpt":"\r GFH Financial Group confirmed yesterday that it is planning to launch a specialist real estate division to develop a number of its projects in Dubai and its home base of Bahrain.The Bahrain-listed investment group said that the division, GFH Real Estate, would have initial assets of US$40 million and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":163899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-partners-acquires-riyadh-logistics-property-in-sar200-million-deal\/","url_meta":{"origin":16272,"position":2},"title":"GFH Partners acquires Riyadh logistics property in SAR200 million deal","date":"November 4, 2025","format":false,"excerpt":"\r GFH Partners has added a major logistics facility in Riyadh to its growing regional portfolio, as part of a SAR1.5 billion industrial and logistics platform spanning Saudi Arabia and the UAE The post GFH Partners acquires Riyadh logistics property in SAR200 million deal appeared first on Arabian Business: Latest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/Riyadh-logistics-facility-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-buys-30-stake-in-londons-no-1-palace-street\/","url_meta":{"origin":16272,"position":3},"title":"GFH buys 30% stake in London's No 1 Palace Street","date":"March 30, 2016","format":false,"excerpt":"\r \r GFH Financial Group has paid \u00c2\u00a3100 million (Dh528.7m) to acquire 30 per cent of No 1 Palace Street in London's Victoria.The Bahrain-based investment company said it has signed a deal with Palace Revive Developments Limited for the site which is being redeveloped by Northacre.A company controlled by Abu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84007,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bahrains-gfh-to-hand-out-85m-in-cash-dividends\/","url_meta":{"origin":16272,"position":4},"title":"Bahrain's GFH to hand out $85m in cash dividends","date":"March 27, 2018","format":false,"excerpt":"\r Shareholders also approve 2017 financial results which include net profit of $104m\r \r Source : arabianbusiness.com\r Read more...Bahrain's GFH to hand out m in cash dividends","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-to-inject-cash-in-stalled-bahrain-development\/","url_meta":{"origin":16272,"position":5},"title":"GFH to inject cash in stalled Bahrain development","date":"December 5, 2016","format":false,"excerpt":"\r GFH Financial Group (GFH) has completed a debt-restructuring agreement with the developer of a long-delayed US$700 million project in Bahrain.In a statement to the Dubai stock exchange on Monday, GFH said it had signed a final sukuk-restructuring agreement with Bahrain-based Gulf Holding Company (GHC), the developer of the Villamar\u2026","rel":"","context":"In "Property 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