MANAMA, BAHRAIN: GFH Financial Group has accomplished the acquisition of a majority stake in Big Sky Asset Management, a US-based actual property asset supervisor focused on the attractive and defensive healthcare segment.
This transaction additional expands GFH’s presence within the US and builds on its thematic focus on attractive and defensive markets. It follows the sooner acquisition in May 2022 of US-based SQ Asset Management, a number one specialist in student housing in prime US states and cities.
With the acquisitions of Big Sky, GFH has established a strong foothold within the growing, defensive healthcare market, making the Group one of many early pioneers within the area to penetrate this segment.
Big Sky brings greater than 20 years of expertise in investing and managing healthcare assets within the US, with greater than US$2 billion in cumulative transaction worth and 130 in medical facilities.
“We are looking ahead to this partnership with a longtime and well positioned expert such as Big Sky, and believe it gives GFH a distinctive approach to the market by bringing collectively our regional expertise with Big Sky’s extensive know-how within the US healthcare market. This partnership will additional strength our actual property offering and permit us to introduce distinctive and attractive merchandise to our investors,” said Mr. Nael Mustafa, Co-Chief Investment Officer at GFH.
“This acquisition is instrumental to the future growth of GFH by giving us strong administration teams that are able to execute our growth technique and provides us a native presence, which in today’s market is a key ingredient to success. Big Sky’s strong track record additional enhances our strong efficiency within the US markets and boosts our market know how.”
Big Sky has strong capabilities in sourcing, buying and managing healthcare assets with a specialised focus on medical clinics and life sciences actual estate. The firm seeks premier medical facilities the place it can directly add worth through active and enhanced asset management.
Big Sky is being led by the Founder and CEO, Jason L. Signor, who brings an extensive track record of investing within the healthcare actual property sector, and is supported by a strong administration team throughout the US. Mr. Signor has efficiently grown a predecessor actual property firm to become of the largest healthcare actual property platforms within the US. Following the transaction, the corporate will be owned by GFH alongside the founders.
Mr. Nael Mustafa added, “We are looking ahead to collaborating with Jason and his team to develop the platform and discover distinctive methods of producing worth throughout the spectrum of healthcare. The platform will be instrumental in offering institutional high quality actual property to the highest hospital teams and doctors within the US. We believe the healthcare actual property sector through Big Sky will current attractive returns for our investors.”
“GFH has accomplished acquisitions of two medical clinics portfolios through a three way partnership with Big Sky that’s valued in extra of $800 million as a half of our funding technique of buying portfolios of stabilized assets supported by strong market fundamentals and working growth. We are strong believers within the healthcare market which is positioned for steady, resilient growth following the shift in outpatient services and subsequent demand for high quality medical clinics assets.”
Mr. Jason L. Signor, CEO of Big Sky, said, “Having GFH as a strong partner will allow Big Sky to additional offer distinctive funding alternatives to investors within the US and the GCC. Big Sky is well positioned to develop its AUM and become one of many largest healthcare actual property investors by combining our market capabilities with GFH’s strong global access.”