According to FUNDER website data,
7 mutual funds hold shares in Reit Azorim Levi in the amount of NIS 2.42 million
Below are all the funds that hold the stock
Below is a change in the holdings of the mutual funds in the share of Reit Azor Levi, according to FUNDER-MVF data.
The fund shows significant growth in the volume of activity and assets – equity in the amount of approximately NIS 720 million and approximately 1,500 housing units in various stages of maturity
Harit Azorim Living Foundation, from the Azorim Group, Specializing in long-term rental housing, sums up the year 2020 with significant growth in the volume of activity. The fund’s equity grew to about NIS 720 million as a result of the public offering and the profit it generated during the year, at the same time the fund recorded an increase in total assets to NIS 1.3 billion and the volume of housing units in various stages of maturity to about 1,500 units. NIS 70 million, reflecting a return on capital of approximately 11% (relative to capital after the issue). The fund has cash balances of approximately NIS 280 million earmarked for new transactions.
The profit for 2020 is mainly due to an increase in fair value, following the progress of the implementation of the projects in the advanced stages of construction in Or Yehuda and Rishon Lezion. The projects in Rishon Lezion and Or Yehuda include about 600 units intended for long-term rent, the marketing of the apartments has begun in recent weeks and the projects are expected to be inhabited during the coming summer.
Today, the company’s portfolio includes 8 projects in various stages with a total volume of about 1,500 apartments, including a project in the new 16th neighborhood in Ashdod that was inhabited about two and a half years ago, two projects that were recently launched in the “Beit Bafark” neighborhoods in Or Yehuda and “Harakfot” in Rishon Lezion , A project that is in the planning stages and intended for student housing in the new Park Hayam neighborhood in Bat Yam, another project purchased about two months ago in the Park Hayam neighborhood in Bat Yam, a project in the Kfar Shalem neighborhood in Tel Aviv, a project in Haifa, consisting of four sub-complexes – three of which are located in the port campus. In Haifa and one in the Bat Galim neighborhood.
In addition, another project in the new Agamim neighborhood in Ashkelon, which the company won as part of a tender by the government company “Dira Lehashikir.” Living from Beit Azorim plans to expand its existing portfolio and aims to reach a volume of activity of thousands of housing units.
Eran Anavim, CEO of Azorim Living: “We are pleased to conclude the first year of the Azorim LIVING fund’s activity as a public company, during which we significantly expanded the base of activity in order to reach thousands of housing units and position the fund as a leader in the rental housing market in Israel. Units are rented and managed. “We are experiencing significant growth in corporate rental housing and a great deal of interest, both from investors and real estate players and from the tenants who are beginning to recognize the significant benefits that corporate rental housing produces.”