GFH acquires Texas properties worth $75m
Gulf Finance House has announced the acquisition of two multi-family residential properties in Houston, Texas, as part of the Diversified US Residential Portfolio, which the bank has recently agreed to acquire. The properties — located in Houston, and Atlanta — have an overall occupancy of 94 per cent, and nearly 1,300 apartments. They have been selected due to their proximity to the large infrastructure assets in the cities, and are expected to benefit from the economic recovery in the US. The total size of the assets is $75 million (Dh275.4 million).
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