Aura Buys Beit Bakfar for $450 Million, Entering Senior Living Market
Translated & summarized from Ice by baba
Aura, a leading Israeli housing company, is acquiring senior living provider Beit Bakfar for approximately 1.7 billion shekels ($450 million) in cash and stock. The deal expands Aura's operations into the senior living market, which has a growing demand. Beit Bakfar operates five senior living facilities and has a pipeline for 884 new units. The acquisition aims to create a comprehensive housing solution provider for Israelis throughout their lives.
The story in 5 lines · by baba
- Aura is acquiring Beit Bakfar for approximately 1.7 billion shekels ($450 million) in cash and stock.
- The acquisition marks Aura's entry into Israel's growing senior living market.
- Beit Bakfar operates five senior living complexes with 975 units and a pipeline for 884 more.
- The deal aims to create a full spectrum of housing solutions from development to senior living.
- Yaniv Blushtein will consult for Beit Bakfar for three years post-acquisition.
Aura, a leading Israeli housing company, is expanding its real estate presence by acquiring 100% ownership of Beit Bakfar, a veteran senior living provider, for approximately 1.7 billion shekels (about $450 million). The deal includes 1.15 billion shekels in cash and 550 million shekels in Aura shares, valuing the company at 5.5 billion shekels. This acquisition marks Aura's strategic move into the rapidly growing senior living sector, diversifying its operations beyond residential development and urban renewal.
Beit Bakfar, established in 1988, operates five senior living complexes with 975 units. The company is financially stable, with a credit rating of ilA+, and reported revenues of 109.6 million shekels in 2025. As of the first half of 2026, its equity stood at 1.29 billion shekels, with positive cash flow from operations. Beit Bakfar also has a development pipeline of 884 additional units across three projects in Be'er Yaakov, Modi'in, and Kibbutz Usha.
Aura plans to leverage Beit Bakfar's expertise and its own development and execution capabilities to accelerate the growth of these future projects. The integration aims to create a full spectrum of housing solutions, from initial development to senior living management, and explore tailored offerings for the elderly within Aura's urban renewal projects.
As part of the transaction, the Blushtein family, sellers of Beit Bakfar, will commit to a non-compete agreement. Yaniv Blushtein, the outgoing chairman of Beit Bakfar, will serve as a consultant for three years to ensure continuity and knowledge transfer. Aura's CEO, Yaakov Attarcy, stated that the acquisition aligns with the company's vision to be Israel's most comprehensive housing group, providing quality homes and security at every life stage.
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