GFH Financial Group said today, Tuesday, that it has completed the acquisition of a majority stake in Big Sky Asset Management, a US-based real estate asset management company focused on the promising and resilient healthcare sector.
According to the group's statement, which Namaazone received a copy of, this deal will expand GFH's presence in the United States as part of its focus on attractive and defensive markets. This follows the early May 2022 acquisition of US-based SQ Asset Management, a leading student accommodation company in major US states and cities.
With the acquisition of Big Sky, GFH cements its strong presence in the growing defensive healthcare market, making it one of the first pioneers in the region to venture into this sector. Big Sky has more than 20 years of experience investing and managing healthcare assets in the United States, with more than $2 billion in cumulative transaction value and 130 medical facilities.
“We look forward to this partnership with a well-established, seasoned and distinguished company such as Big Sky and believe it gives GFH a unique approach to the market by combining our regional expertise and Big Sky’s extensive knowledge in the care market,” said Nael Mostafa, Co-CEO of Investments at GFH Group. health in the United States. In addition, this partnership will enhance our real estate offering and allow us to offer unique and attractive products to our investors.
He added: This acquisition is considered a key factor in the future growth of the group by providing us with strong management teams capable of implementing our growth strategy and giving us a local presence, which is a key element for success in the market today, and the track record of (Big Sky) will enhance our strong performance in the markets the United States, and also our knowledge of the market there.
Big Sky has strong capabilities in sourcing, acquiring and managing healthcare assets with a particular focus on clinical and life sciences properties. The company seeks to acquire leading medical facilities that will allow it to add direct value to it through active and enhanced management of these assets.
Big Sky is led by founder and CEO Jason L. Senor, who has a proven track record of investing in the healthcare real estate sector, is backed by a strong management team across the US. Mr. Senor has grown a former real estate company into one of the largest healthcare real estate platforms in the United States. Following this transaction, the company will be owned by GFH along with the founders.
We look forward to collaborating with Jason and his team to grow the platform and find unique ways to create value across a diverse range of healthcare properties,” added Nael Mostafa. The platform will be instrumental in providing institutional quality real estate to the best hospital and physician groups in the US, and we believe that the healthcare real estate segment through Big Sky will offer attractive returns for our investors.
In addition, GFH has completed the acquisition of two medical clinic portfolios through a joint venture with Big Sky valued at more than $800 million as part of our investment strategy of acquiring fixed asset portfolios backed by strong market fundamentals and operational growth. We strongly believe that the healthcare market is well positioned for steady and resilient growth following the shift in outpatient services and the subsequent demand for quality clinical assets.
Jason L. said: Senor, CEO of Big Sky: Having GFH as a strong partner will enable Big Sky to offer more unique investment opportunities to investors in the US and the GCC, as it is well positioned to grow its assets under management and become one of the largest Healthcare real estate investors by combining our market potential with GFH's strong global reach.
