GFH Financial Acquires Medical Offices in USA in USD 200 Million Shariah-Compliant Deal

Bahrain-based GFH Financial Group (GFH) has acquired a portfolio of medical offices in the United States of America (USA) in a Shariah-compliant deal valued at USD 200 million.

Why it Matters?

The deal is aimed at expanding GFH’s real estate portfolio in the USA, and brings the value of GFH Group’s USA healthcare portfolio to over USD 400 million. The medical offices portfolio is made up of 11 assets with over 400,000 square feet of space, spread across seven states in the USA including North Carolina, South Carolina, Georgia, Utah, Wisconsin, Ohio and Texas. According to Nael Mustafa, Co-Chief Investment Officer – Real Estate, GFH, the pandemic has underscored the need for more outpatient services and continued demand for healthcar...