Tue, Sep 12, 2017

Business, Banking & Finance
GFH sells Atlanta property for $45m

GFH Capital, has successfully sold one of the properties in its US residential portfolio in Atlanta for a price in excess of $43 million. 

The portfolio was acquired three years back. 

The Atlanta-based asset comprises 19 three-story luxury residential buildings with 306 units. 

The sale was completed through an open market bidding process with the portfolio attracting strong investor interest and demand. 

Supporting the strong sale price is the asset’s strategic location just three miles west of the Atlanta-Hartsfield International Airport and its close proximity to a range of community, shopping and entertainment facilities. 

Luay Ahmadi, Senior Executive Officer of GFH Capital, said, “We are proud to announce this successful exit for the group and for our investors. GFH have kept a close eye on the market since our acquisition in 2014 in order to ensure capitalising on the most opportune time to exit. Over last 3 years, GFH has proven its ability to effectively source unique transactions and exit transactions, delivering promised returns to our investors. We saw strong prospects for the US real estate sector across multi asset classes and continue to have a robust pipeline. GFH remains focused on identifying similar new opportunities in the market and increase the size of the assets under management.” 

A subsidiary of GFH Financial Group (GFH), GFH Capital, is a Dubai based investment bank and fund manager, providing capital and strategic support for growth companies. 

GFH Capital has undertaken and structured investments of more than $3 billion in over 40 companies and across 25 countries.

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