October '24

Lightstone Enterprise, the NY based real estate company owned by David Leichtenstein, completed the issuance of a new series of corporate Bonds on the Tel Aviv Stock Exchange. In the institutional phase of the issuance, huge demands of over NIS 760 million were received and the Company decided to accept offers in the amount of approx NIS 420 million at an annual interest rate of 7.07%

October '24

Almadav, the Canadian real estate development company led by CEO Rafi Lazer (formerly Elad Canada), issued a new series of bonds secured by liens on surplus cash flows from a residential development project in Toronto. The company raised approximately NIS 220 million through bonds that will be traded on the continuous institutional platform of the Tel Aviv Stock Exchange.

September '24

Gabay Properties & Development, a real estate company owned by businessman Eli Gabay, successfully completed a new bond series issuance worth NIS 112.5 million, without collateral.

September '24

Our firm represented The Aviv Group in the transaction for the sale of its remaining 50% holdings in Aviv Initiatives to Melisron for approximately NIS 625 million.

September '24

Luzon Ronson, a subsidiary of Luzon Group, completed the institutional stage of its Initial Public Offering (IPO) in Tel Aviv last Thursday. The company, which operates in residential real estate in Poland and Israel, issued 24% of it’s shares and raised NIS 307 million. The offering was made at a post-money valuation of NIS 1.3 billion.

September '24

Barak Rosen and Assi Tuchmeir, controlling shareholders of Canada Global, have entered into a strategic agreement for the entry of Flow, Adam Neumann’s real estate company, as a partner in Canada Global, with the purchase of 30% of the company at an estimated valuation of approximately NIS 340 million.

August '24

In August 2024, the Brooklyn-based real estate company, Spencer Equity, owned by businessman Yoel Gluck, successfully completed the expansion of Series D of its bonds, amounting to approximately NIS 260 million.

August '24

In August 2024, Pacific Oak, which is owned by the California-based REIT Pacific Oak, has successfully completed the expansion of its Series D Bonds in the amount of approximately NIS 299 million, which will be used primarily for the purpose of advancing payments in another series of the Company.

July '24

Carasso Motors Ltd., the importer of Renault, Nissan, Dacia, and Infiniti in Israel, on two successful offerings in July: A public offering of bonds (Series C), by expanding a current series in place, amounting to approximately NIS 500 million; An offering of commercial papers (CPs), not listed for trading, amounting to approximately NIS 250 million.

July '24

Westdale America, the real estate investment company based in Texas, has successfully completed a refinancing of its Series A bonds on the Tel Aviv Stock Exchange with a new series of bonds secured by, among other, first mortgages over three real estate properties in Texas. This new bond series, amounting to approximately NIS 417 million, will carry an annual interest rate of 7.11%.

July '24

Insurance company Migdal acquires 18% of Electra Real Estate, a subsidiary of Electra.
Migdal Insurance will inject NIS 285 million into Electra Real Estate at a valuation of NIS 1.3 billion Pre-money and NIS 1.6 billion Post-money.

June '24

B.S.R Engineering & Development Ltd. has signed an investment agreement under which JTLV Fund will invest approximately NIS 180 million in exchange for the allocation of shares constituting approximately 27% of the company’s capital and will be part of the controlling shareholders.

June '24

Car importer Carasso Motors (Frisbee) acquires 51% ownership of electric vehicle charging company GNRG.

May '24

Namco Reality LTD, owned by the American businessman Yigal Namdar, completed the issuance of a new series of bonds secured by a first-position mortgage over 15 residential properties in New York, in the amount of approximately 550 million NIS, and at an interest rate of approximately 6.25%.

April '24

Extell Limited, owned by the US developer Gary Barnett, completed an expansion of the company’s bond series in the amount of approximately 230  million NIS.

April '24

Property and Building Corp. successfully raised approximately 1.3 billion NIS through a secured Bond offering on the Tel Aviv Stock Exchange, bearing an interest rate of approximately 6.63% for the purpose of refinancing the 10 Bryant Park building (formerly HSBC Tower) in Manhattan, New York.

April '24

West Coast REIT – Pacific Oak completed an offering of a new series of bonds in the amount of approximately 288 million NIS at an interest rate of approximately 9.5%.

April '24

The Leser Group LTD, controlled by Jewish businessman Abraham Laser, completed an offering of a new series of bonds totaling approximately 300 million NIS at an interest rate of approximately 8.9%.

March '24

In March 2024, Copperline Americas Limited, owned by the Schlesinger family, completed an offering of a new series of bonds totaling approximately NIS 195 million, which was primarily used to replace an existing series of bonds of the company.

February '24

Lightstone Enterprise, owned by the American businessman David Lichtenstein, completed an offering of a new series of bonds totaling approximately $650 million, which were primarily used to refinance the Moxy Chelsea hotel, which was transferred to the company in connection with the offering.

February '24

The real estate company, Effi Capital Real Estate Ltd, owned by Effi Shkedi, has successfully raised about NIS 92 million in its first public offering of shares & Warrants on the Tel Aviv Stock Exchange, based on a company value of approximately NIS 370 million.

January '24

Carasso Real Estate Ltd has successfully completed the expansion of a debentures series, rated A, totaling approximately NIS 300 million in January 2024.

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