US EditionElectra Real Estate Raises $225 Million for Its New Investment Fund in the US
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The money was raised from Phoenix, Clal, and the provident funds of the employees of the Israeli Electric Company. • Idan Golomb, a senior member of Clal: "The anchor investment in this fund will allow exposure to the developing field of the residential sector in the US."
The company, which manages investment funds in rental housing in the US, will begin purchasing properties with the amount raised - The Phoenix has pledged to invest $80 million in the fund and Clal Insurance will provide $65 million. Electra Real Estate intends to expand the amount raised until the fund closes in a year and a half.
In 2024, real estate developers bought 44 percent of the total land in small towns. Real Estate Business (today society), Business Desk: India is a rapidly growing and developing economy. Prime Minister Narendra Modi has also given the slogan of 'Developed India' by 2047. Among the sectors which contribute the most to the country's development and strengthening of the economy, the real estate business is the main one. However, some time back rea…
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