GFH Partners completes fifth logistics exit with $113 million sale of U.S. industrial outdoor storage portfolio
- Sale of 10-property U.S. industrial outdoor storage portfolio marks GFH Partners' fifth logistics exit in recent years
- Exit demonstrates GFH Partners' ability to identify the right strategy, select the right assets and deliver in a challenging market
- GFH Partners continues to see compelling value in the sector and, as investment manager, to deploy capital through dedicated IOS funds
DUBAI, UAE, Nov. 4, 2026 /PRNewswire/ -- GFH Partners Ltd. (GFH Partners), a Dubai-based investment manager and global real assets investment arm of GFH Bank B.S.C, today announced the sale of a portfolio of 10 industrial outdoor storage (IOS) assets in the United States at $113 million, marking its fifth exit in the logistics sector in the past years. GFH Partners acts as investment manager of the vehicle that owned the portfolio.
The exit reflects GFH Partners' ability to identify the right investment strategy and the assets that best capture it. The portfolio was built around a clear thesis: industrial outdoor storage serves fleet parking, equipment storage and logistics staging, where structural demand meets limited supply in infill and transportation-corridor locations constrained by zoning and scarce developable land.
GFH Partners assembled ten properties across the Central U.S., including eight in the Chicago submarket, one in Lenexa, Kansas, and one in Wilmer, Texas, selected for their locations, tenant demand and potential for income growth.
Active asset management strengthened the portfolio's income profile. Across the nine Chicago and Kansas properties, GFH Partners achieved double-digit rental growth on lease renewals, maintained high occupancy and increased net operating income over the holding period.
In Wilmer, Texas, located south of Dallas along the I-45 corridor, a vacant IOS site was transformed into a stabilized, income-generating property through a long-term lease with an investment-grade tenant.
The sale, which closed on 22 October 2026, was delivered against a difficult backdrop for commercial real estate, characterized by elevated financing costs, constrained debt availability, lower transaction volumes and continued divergence between buyer and seller pricing expectations.
Nael Mustafa, Chief Executive Officer of GFH Partners, commented: "This exit, our fifth in the logistics sector in six years, reflects what we do best: identifying the right investment strategy, selecting the right assets and delivering the exit. Industrial outdoor storage offers structural demand and constrained supply, and we backed that view with a portfolio of well-located assets that we managed actively to strengthen income and, ultimately, realize value.
Achieving this outcome in a market defined by higher financing costs and subdued transaction volumes is a testament to the discipline of our approach. We continue to see compelling value in logistics and industrial outdoor storage, and, through the funds we manage, we intend to continue deploying capital where our sector expertise and asset management capabilities can generate long-term value for our investors."
Continued conviction in logistics and U.S. industrial outdoor storage
Industrial outdoor storage has become an increasingly institutionalized segment of U.S. real estate, supported by demand for vehicle and equipment storage, fleet parking and logistics staging. Supply remains constrained near population centers and logistics hubs, where restrictive zoning and limited developable land create barriers to new development, while the sector's low capital intensity and resilient cash flows continue to attract a broader base of investors.
Since 2024, GFH Partners has acted as investment manager to a series of dedicated IOS funds and intends to remain active across logistics and IOS, reflecting its confidence in the sector's long-term fundamentals.
About GFH Partners Ltd.
GFH Partners Ltd. is a global real estate investment manager based in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), with approximately US$7 billion in assets under management across the U.S., U.K., and GCC. The firm takes a thematic approach to investing across logistics, living, healthcare and digital infrastructure, and operates through a two-engine model combining fund management with strategic investments in sector-specialist operating platforms.
GFH Partners Ltd. is authorized to provide financial services only to Professional Clients and Market Counterparties, as defined by the DFSA. This announcement is provided for information purposes only and does not constitute an offer to the public or a solicitation to invest in any product or service. This announcement may contain forward-looking statements, which reflect current expectations and are subject to risks and uncertainties; past performance is not indicative of future results.
GFH Partners Ltd. is a wholly owned subsidiary of GFH Bank B.S.C. (GFH). GFH is listed on the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market, and Abu Dhabi Securities Exchange.
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SOURCE GFH Partners
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