GFH Partners sells 10 US logistics properties for US$113M
Since 2024, GFH Partners has served as investment manager for a series of dedicated IOS funds and intends to remain active across logistics and IOS.
UNITED STATES – GFH Partners has sold a portfolio of 10 industrial outdoor storage assets in the United States for US$113 million, marking its fifth logistics-sector exit in six years, according to a company statement.
GFH Partners, a Dubai-based investment manager and the global real assets investment arm of GFH Bank, serves as the investment manager for the vehicle that owned the portfolio. The sale closed on 22 October 2026.
Portfolio composition and asset management
GFH Partners assembled ten properties across the Central United States, comprising eight in the Chicago submarket, one in Lenexa, Kansas, and one in Wilmer, Texas.
The portfolio was built around a thesis that industrial outdoor storage serves fleet parking, equipment storage and logistics staging, where structural demand meets limited supply in infill and transport-corridor locations constrained by zoning and scarce developable land.
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, GFH Partners transformed a vacant site into a stable, income-generating property through a long-term lease with an investment-grade tenant.
Market conditions and sector outlook
The sale was delivered against a difficult backdrop for commercial real estate, characterized by elevated financing costs, constrained debt availability, lower transaction volumes and a continued divergence in buyer and seller pricing expectations.
Nael Mustafa, Chief Executive Officer of GFH Partners, said: “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. Achieving this outcome in a market defined by higher financing costs and subdued transaction volumes is a testament to the discipline of our approach.”
Industrial outdoor storage has become an increasingly institutionalized segment of US 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 constrain new development. However, the sector’s low capital intensity and resilient cash flows continue to attract a broader investor base.
Lastly, since 2024, GFH Partners has served as investment manager for a series of dedicated IOS funds and intends to remain active across logistics and IOS.
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