GFH has completed the acquisition of a c. US$260 million student housing portfolio affiliated to select top rated universities located in Texas, Michigan and Missouri in the United States. This marks the second portfolio of student housing for GFH after the successful launch of the first portfolio in 2021. The acquisition is in partnership with our subsidiary Student Quarters, a leading Atlanta-based student housing specialist with an exceptional track record.

The five assets acquired are within the vicinity of Texas A&M University, Michigan State University and Missouri State University. The portfolio has more than 2,000 beds with assets located within walking distance of their respective affiliated universities. They are relatively new and include amenities designed specifically to cater to student needs such as swimming pools, courtyards, coffee shops, study lounges, clubhouses, game rooms and fitness centres.

The portfolio is in line with GFH’s student housing sector investment strategy, which focuses on building a diversified portfolio that targets universities within the top public 150 universities in the US that are considered flagship universities in their respective states. These are institutions with proven pedigree, strong academic and sporting facilities and that have shown steady growth in enrolments year-on-year.