GFH Capital, a subsidiary of GFH Financial Group from Bahrain, acquired six income generating healthcare properties in the US worth $180 million (Dh661m).
The properties, which are currently 93 per cent occupied, cater to the needs of senior citizens and are located in California, Washington and Michigan, the company said.
“We are pleased to continue expanding our portfolio of strong income yielding investments in the US market with the addition of these well positioned and diversified senior health care assets,” said Hisham Al Rayes, chief executive of GFH.
“In line with our strategy, this portfolio generates strong, in-place, stabilised cash flows as well as healthy operating margins that will allow us to deliver value and attractive distributions to our investors.”
The deal was done in partnership with Madison Marquette, a Washington real estate developer that will have a 6 per cent stake in the properties, with 91 per cent held by GFH along with its investors.
With the completion of this deal, the total US real estate transactions volume executed by GFH over the past five years has reached $1 billion.
The company also said most of the properties have been recently renovated to attract above-market rent and will be managed by JEA Senior Living, Senior Resource Group and Independence Village with strong management teams and investment track records in the US market.
GFH Capital provides capital and strategic support for companies operating in different fields including health care, technology, media and telecommunications, among others. The company has undertaken and structured investments of more than $3bn in 25 countries.
Earlier this month, GFH Capital acquired a portfolio of office buildings in the US for $100m located in Research Triangle Park in North Carolina.
Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
Killing of Qassem Suleimani
Five expert hiking tips
Always check the weather forecast before setting off
Make sure you have plenty of water
Set off early to avoid sudden weather changes in the afternoon
Wear appropriate clothing and footwear
Take your litter home with you
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
Company%20profile
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
UAE currency: the story behind the money in your pockets
