Companies news

GFH acquires majority stake in US-based SQ

GFH Financial Group (GFH) has signed an agreement to acquire a majority stake in SQ Asset Management, a US-based living sector asset manager and property manager focused on student housing.

The acquisition will see GFH launch its US operations by adding 180 real estate professionals to GFH’s employee base, bringing significant investment and asset management experience in US real estate.

Founded in 2013, SQ has grown to become a leading living sector asset manager with more than $1.4 billion in aggregate transaction value with 32 housing properties and 10,300 beds currently under management across the US.

“We’re excited to announce this acquisition, which launches GFH’s operations in the US and provides us with direct access to the attractive living space and provides the Group with local and well positioned access in the US to help execute our real estate strategy,” said Hisham Alrayes, chief executive of GFH.

“This investment is in line with GFH’s strategy of growing its presence globally by partnering and acquiring leading and well-established platforms with strong market reputations in Europe and North America. The acquisition of SQ will add to GFH significant investment and operational expertise in US real estate.”

SQ’s primary investment strategy is to acquire and manage high-quality purpose-built student housing assets at large public US universities, and drive value through operational efficiencies and capital upgrades.

Following the transaction, the company will be owned by GFH alongside with the founders, a large global alternative investment firm managing approximately $51 billion of assets, and TriPost Capital Partners, a private equity firm based in the US.




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