Israeli Medipower forms U.S. retail JV
Categories: Real Estate
Israeli real estate group Medipower entered into a jointly owned U.S. investment platform with Phoenix Insurance Company, one of Israel’s largest institutional investors.
The parties capitalized the vehicle at USD 220 million, funded equally, to acquire and manage neighborhood retail real estate assets across the United States.
Greenberg Traurig advised Medipower on the establishment of the joint venture and the formation of the investment platform. The transaction was led by shareholder Lawrence Sternthal, supported by the firm’s Tel Aviv real estate team.
Learn more here in Calcalist.
