Safra family may sell six properties for $125 million

Reports in U.S. business outlets say the real estate arm of the Safra family is seeking buyers for a portfolio of six properties valued at nearly 5,000 square meters in total. The asking price for the package is $125 million.

The properties are in New York and Chicago and were assembled between 2012 and 2015 for a combined cost of about $113 million. If sold at the target price, the family would clear a profit of more than $10 million.

Separately, Edmond Safra, who owns Hapoel Tel Aviv, recently bought $2.15 million worth of shares in Finance of America, increasing his stake in the company. Before the purchase, he already held 10% of the company.

Forbes estimates the Safra family’s net worth at about $25 billion.