Discovering America: Electra Real Estate is looking for $ 1 billion
Electra Real Estate is expanding its operations in the United States: Establishing a fourth fund to invest in housing clusters in the country, with a $ 1 billion fundraising target.
The company currently manages about $ 2.7 billion in a variety of investment platforms
Tuesday, 21 December 2021, 09:04 Updated: 09:16
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Electra Real Estate, part of the Elco Group and managed by Gil Roshink, is updating on the launch of a fourth investment fund in housing clusters in the southeastern United States with a $ 1 billion fundraising target, with the company currently managing about $ 2.7 billion through 4 active investment funds, transactions Joint alongside funds and REIT partnership for hotel investment.
The purpose of the fund will make investments in clusters of housing in the southeastern United States and to maximize their value by active management and plans for improvement in that pattern of activity was carried out in three investment funds early.
It should be noted that the investment fund Third Investment group home completed in July 2021 the stage raising $ commitments 980 million, compared with a target enrollment of approximately $ 500 million during the launch of the fund.
Status active funds (the date of publication of this report for the third quarter of 2021):
fund housing clusters 1 Total Hthiiboiot- 215 m dollars
Acquired 22 files, implemented 13 files;
Theoretical multiplier - 2.26.
Housing Files Fund - Total Liabilities - $ 462 million
Acquired 42 files, implemented 4 files;
Theoretical multiplier - 1.54.
Housing Files Fund - Total Liabilities - $ 980 million
Purchased 43 files;
Theoretical multiplier - 1.19.
Debt fund for housing clusters - Total liabilities - $ 285 million
, executed 33 transactions;
Minimum contractual return on the portfolio - 12%.
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The model that maximizes value creation for shareholders.
Gil Roshink, CEO of Electra Real Estate (Photo: Oren Kahn)
England too on the map of Electra
Electra Real Estate recently updated on expanding its investment fund operations outside the United States. The company has announced that it is setting up a fund to invest in the field offices in the UK, and would raise a total of £ 200 million individual and institutional investors.
ERE is currently active in the areas of housing rental housing clusters using equity funds and debt funds, fund investments in housing for rent homes Private and the Reit Investment Fund in the United States, and as mentioned, launches an investment fund in the United Kingdom offices.
Electra Real Estate ended the third quarter of 2021 with a sharp increase in its revenues to NIS 188 million, and a 280% increase in net profit to NIS 133.4 million.
Electra Real Estate of the Elco Group currently manages approximately 31,000 housing units in 97 housing groups in the United States, in addition to 32 transactions for the provision of loans for the purchase of housing files through the Debt Fund. In addition, the company holds about 1,050 detached houses and three hotels in the USA.
All this, in accordance with the strategic plan presented by the company in January 2016, according to which the company will become the income-producing real estate arm of the Elco Group, focusing on rental housing in the US, and will operate in a way that ensures stable cash flow and value creation for shareholders.
Gil Roshink, CEO of Electra Real Estate
: "Electra Real Estate is booming and implementing the business model, which is based on the establishment of private equity funds, which focus on investing in stable underlying assets, along with significant improvement potential.
We are now launching our fourth housing fund, with a $ 1 billion fundraising target.
This fund is in addition to the activities of our other funds, which also operate in the areas of loans for housing clusters, detached houses (SFR), hotels, as well as the office fund we are currently setting up in the UK.
In all funds, Electra Real Estate is the general partner (GP), and according to this model, it maximizes the potential for value creation for its shareholders. "
Electra Real Estate
US Real Estate