December 19, 2017 / 5:02 AM / 6 months ago

BRIEF-Bahrain's GFH Acquires Two Properties In Chicago

Dec 19 (Reuters) - GFH FINANCIAL GROUP:

* ACQUIRES TWO TROPHY PROPERTIES IN CHICAGO IN A DEAL VALUED AT APPROXIMATELY $150 MILLION

* INVESTMENT HAS BEEN UNDERTAKEN IN PARTNERSHIP WITH CRESTLIGHT CAPITAL AND LINCOLN PROPERTY

* GFH’S CONTRIBUTION IN THE DEAL IS 93 PERCENT

* TRANSACTION IS EXPECTED TO HAVE A POSITIVE IMPACT ON GFH’S P & L DURING 2018 WITH A CASH YIELD EXCEEDING 9 PERCENT PER ANNUM Source text for Eikon: Further company coverage:

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