Safra family seeks $125 million for six U.S. properties
The Safra family’s real estate arm is reportedly looking to sell a portfolio of six properties in the United States, according to U.S. business media reports. The assets, located in New York and Chicago, cover nearly 5,000 square meters in total and carry an asking price of $125 million.
The portfolio was assembled between 2012 and 2015 for about $113 million, which would leave the family with a gain of more than $10 million if the sale goes through. The report does not specify which properties are being marketed.
In a separate move, Edmond Safra, the owner of Hapoel Tel Aviv, recently bought $2.15 million worth of shares in Finance of America, increasing his stake in the company. Before that purchase, his holding stood at 10%.
Forbes currently estimates the Safra family’s wealth at about $25 billion.
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