GFH Partners Ltd is a company incorporated in the Dubai International Financial Centre (DIFC) and is authorised and regulated by the Dubai Financial Services Authority (DFSA). GFH Partners Ltd is licensed to provide financial services to Professional Clients only, as defined by the DFSA.
Demographic Tailwinds Fuelling Demand
In 2022, we announced our second US Medical Clinics Portfolio of 11 income-yielding geographically diversified assets spread across four US states – California, Texas, Maryland, and Louisiana. The portfolio, worth approximately $400 million, is anchored by investment-grade credit tenancy through the likes of Baylor Scott White, Texas A&M Health Science Center, Texas Tech University, Memorial Hermann, and Tidal Health, among others.
The medical clinics sector has proved to be highly resilient during economic downturns, with 99% rent collection during the COVID-19 pandemic. The portfolio was acquired in a joint venture partnership with our affiliated, Big Sky Asset Management, a highly reputed and experienced asset manager with a total AUM of approximately $1 billion.
The portfolio is perfectly positioned to leverage the positive market fundamentals of the subsector, with a steady long-term increase in US healthcare expenditure and a growing preference for outpatient care continuing to drive demand for medical clinics.