GFH Partners Completes $113 Million Sale of US Industrial Storage Portfolio
GFH Partners has sold a portfolio of 10 industrial outdoor storage properties in the United States for $113 million. The deal marks the investment manager’s fifth exit from the logistics sector in six years.
The properties are spread across three locations. Of the eight facilities, two are located in Wilmer, TX, and Lenexa, Kansas, while the rest are all in Chicago. The purpose of acquiring these assets is to cater to the growing demand for outdoor storage facilities by logistics and industrial companies.
They serve different purposes, including fleet parking and logistics staging. Moreover, the strategy also involved acquiring them in locations near truck routes.
Improving Returns Across the Portfolio
GFH Partners worked on improving the performance of the properties during its ownership. This included securing better rental terms and increasing income from existing assets.
Nine properties across Chicago and Kansas recorded double-digit rental growth when leases were renewed. Net operating income also increased during the holding period.
The Wilmer property had a different starting point. It was vacant when GFH Partners took it on. The company adjusted the position of the location and signed a long-term lease with a company of good credit standing, making it a source of income for the company.
The deal took place on October 22, 2026. This happened when the market for commercial real estate was struggling due to higher loan costs and a limited number of loans. Negotiations between buyers and sellers were also complex, as the parties found it hard to agree on the value of a property, which was slowing down the deal.
According to the CEO of GFH Partners, Nael Mustafa, the exit demonstrated the tenancy of the firm as an investor and the approach to managing its property. He also pointed to demand for industrial outdoor storage facilities, particularly in markets where suitable land is limited.
Continued Interest in Industrial Outdoor Storage
The company plans to maintain its presence in the US logistics market. Since 2024, GFH Partners has acted as investment manager for dedicated industrial outdoor storage funds, with further capital deployment planned through these vehicles.
Industrial outdoor storage facilities support activities such as vehicle parking, equipment storage and the movement of goods. Their role in logistics operations has made the segment an area of interest for property investors.
Headquartered in the Dubai International Financial Centre, GFH Partners manages approximately US$7 billion in assets. Its real estate investments span the United States, the United Kingdom and the GCC, covering logistics, living, healthcare and digital infrastructure.
