Leumi Partners Enters US Real Estate with $100 Million Investment in Harbor Group

In depth

Leumi Partners, the investment arm of Bank Leumi, will invest $100 million in the American real estate company Harbor Group, at a valuation of approximately $1.275 billion. The company manages assets totaling $22 billion, mainly in the field of rental housing. The deal includes an option to increase the stake to 10%.

Leumi Partners received options for an additional investment of approximately $30 million, which could increase its holding in Harbor Group's management company to 10%. Leumi Partners will gain exposure both to Harbor Group's existing operations and to its future growth.

Harbor Group aims to grow its portfolio to approximately $60 billion in the coming years. The deal was signed after Leumi Partners entered US housing platforms.