The Blue Atlantic Group, which specializes in purchasing and managing residential housing clusters in affluent markets in the southern U.S. while maintaining low leverage and minimal volatility, reports that it has so far successfully raised $ 260 million from institutional investors.
The group currently owns about 70 complexes with 19,000 housing units in the southern U.S. valued at more than $ 3.5 billion. Since 2015, the company has raised over $ 800 million in equity from institutional entities in the U.S. and Israel, and has acquired $ 1.5 billion in assets. .
Next to the new anchor investor is Menora Mivtachim
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, The fund consists of the anchor investments of Psagot Investment House, Clal Insurance
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, And Wells Fargo Bank – the third largest in the United States. Each of the anchor investors has invested $ 50 million. In addition, invest in the Bank’s Remuneration Fund
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Working
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Capital markets and other pension funds. To these amounts is added a self-investment of $ 25 million.
Gil Hermon and Oren Hon, managing partners in Blue Atlantic: “Our goal is to offer institutions an investment that creates an attractive annual return along with solid risk. We have been able to produce stable and healthy operating results despite the crisis reality of the Corona epidemic. Our occupancy rate remains 95% and collection rate from tenants 96%. perpetual.
“Despite the Corona crisis, Blue Atlantic continues to invest and raise. In 2020, the pace of investment was slower due in part to the difficulty of flying to examine new deals and the fear among investors of the onset of the crisis. Investment has increased this year as the world gets vaccinated. ”
Uzi Levy, CEO of Menora Mivtachim Real Estate: “This investment joins other quality investments that we have made in the field of income-producing real estate in general and in the United States in particular, in order to diversify the investment portfolio of the group’s insured and members in order to achieve an excess return at a low risk level.
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