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.