JERUSALEM, March 11, 2014 /PRNewswire/ --
The Habira Group (http://www.habiragroup.com) today announced the launch of the third Israeli Real Estate Investment Trust (REIT). A REIT is a publicly traded company that owns and manages income-producing real estate. The Habira Group's initial focus will be on commercial properties, but it will also consider opportunities in industrial, retail and residential real estate. The company's goal is to build a diversified portfolio of high-yielding properties that will allow it to pay substantial dividends to its shareholders.
A REIT is viewed as an investor-friendly vehicle for investing in Israeli real estate. Under the rules governing REITs, an Israeli REIT is generally not subject to corporate tax and must primarily invest in income-producing real estate, distribute to its shareholders annually substantially all of its income and capital gains, be publicly traded on the Tel Aviv Stock Exchange and limit leverage to less than 60% of the value of its real estate assets. In addition, investing through a REIT allows investors to benefit from professional management of their investment.
"Israel has a reputation for having a strong and sustainable real estate market," explains Mark Goldfarb, CEO. "Unfortunately, it also has the reputation of being a tough market to navigate. Regulations, approvals, and bureaucracy all make investing in Israeli real estate a challenge for those not familiar with the market. The Habira Group REIT is designed to address these issues, offering a much simpler and friendlier path for both Israelis and non-Israelis to invest in Israeli real estate, with high returns and low risk."
About Habira Group
One of only three Israeli real estate groups focusing on REITs, Habira Group was founded in 2010 and initially focused on private real estate investments, project management and property management in Jerusalem. In early 2013, Habira Group began exploring the possibility of forming an Israeli REIT. Over the following months, the company significantly enhanced its expertise by hiring executives with commercial, financial, legal and REIT skills and experience. The company also formed an advisory board comprised of local real estate experts to advise on property acquisitions.
The team is dedicated to providing a professional, transparent service to its investors and partners, while keeping operational expenses to a minimum and maintaining asset value. The goal is to achieve high returns while providing superior service. For more information, visit http://www.habiragroup.com.
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