Dubai:
GFH Financial Group said it has distributed $53 million to its funds’ investors who currently have underlying investments in Bahrain, the UAE, the US and India.
Based on its revised strategy, GFH has over the last 18 months invested in projects which provide steady cash yields for its investors. In line with this, Diversified US Residential Portfolio (DURP) an investment in multi-family US residential assets distributed dividends of $1.3 million to its investors.
The properties together comprise nearly 1,300 apartments and have an overall occupancy of 94 per cent.
