{"id":1004637963,"date":"2023-01-05T03:43:20","date_gmt":"2023-01-05T11:43:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004637963"},"modified":"2023-01-05T06:27:34","modified_gmt":"2023-01-05T14:27:34","slug":"bahrain-based-investor-buys-big-sky-asset-management","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bahrain-based-investor-buys-big-sky-asset-management\/","title":{"rendered":"Big Sky Acquired by GFH Financial"},"content":{"rendered":"
\"\"<\/a>

Texas A&M Health Science Center. Image courtesy of Big Sky Medical<\/p><\/div>\n

GFH Financial Group, headquartered in Bahrain, has purchased a majority stake in Dallas-based Big Sky Asset Management, a real estate asset manager focusing on the health-care segment. Financials on the deal were not disclosed.<\/p>\n

GFH described the acquisition as building on its “thematic focus on attractive and defensive markets.” In May 2022, the company purchased SQ Asset Management, a U.S. specialist in student housing assets.<\/p>\n

Big Sky has more than 20 years of experience in investing in and managing health-care assets in the U.S., with cumulative transactions totaling more than $2 billion. GFH characterized Big Sky as having strong capabilities in sourcing, acquiring and managing health-care buildings, in particular medical clinics and life sciences properties.<\/p>\n

Big Sky is headed by CEO Jason Signor, who with the other founders will continue to own the company alongside GFH.<\/p>\n

In a prepared statement, Signor said that having GFH as a strong partner will enable Big Sky to continue to offer unique investment opportunities to investors in the U.S. and the Gulf Cooperation Council. The latter is a regional political and economic union consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.<\/p>\n

Recent flurry of deals<\/h2>\n

Nael Mustafa, co-chief investment officer at GFH, added that his company has acquired two medical clinic portfolios through a joint venture with Big Sky that\u2019s valued at more than $800 million.<\/p>\n

“We are strong believers in the health-care market which is positioned for steady, resilient growth following the shift in outpatient services and subsequent demand for quality medical clinics assets,” he said in prepared remarks.<\/p>\n

In early November 2022, Big Sky affiliate Big Sky Medical acquired a 175,752-square-foot life science building<\/a> that anchors Providence Park, a 52-acre mixed-use campus in College Station, Texas. Concurrently, Big Sky Medical purchased Greenpark One<\/a>, a 134,910-square-foot medical office building in Houston. Later in November, Big Sky Medical acquired a 122,942-square-foot medical office building<\/a> at the Texas A&M Health Science Center in Bryan, Texas.<\/p>\n

All three deals were funded by a $190 million loan from Capital One.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal will expand the Bahrain-based buyer\u2019s footprint in the health-care sector.<\/p>\n","protected":false},"author":882,"featured_media":1004631458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21754,23891,21742],"tags":[51782,38860],"class_list":["post-1004637963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-medical-office","category-national","category-latest","tag-big-sky-medical","tag-gfh-financial-group"],"acf":[],"yoast_head":"\nBig Sky Acquired by GFH Financial<\/title>\n<meta name=\"description\" content=\"GFH Financial Group has purchased a majority stake in Big Sky Asset Management, a real estate asset manager focusing on health care.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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