GFH Financial Group BSC purchased two trophy properties in Chicago for approximately $150 million alongside partners Crestlight Capital and Lincoln Property Co., Bahrain News Agency reported.
The acquired properties consist of two mid-rise class A office buildings with two parking decks on a 25-acre plot, the Dec. 18 report added.
The deal is expected to generate an annual cash yield above 9%, according to a Reuters report from Dec. 19. GFH's investment in the transaction amounts to 93%.
