Israeli Real Estate Firm Boligoo Capital Buys Georgia Office Building for $91 Million
Translated & summarized from Ice by baba
Israeli real estate firm Boligoo Capital is purchasing an office building in Georgia, USA, for approximately $91 million. The deal, involving a 413,000-square-foot property, is part of the company's expansion in the U.S. market. Boligoo will invest $3.4 million in equity, with the remainder financed through bank loans and limited partners. The acquisition is expected to yield an immediate $800,000 transaction fee for the company.
The story in 6 lines · by baba
- Boligoo Capital is acquiring a Georgia office building for approximately $91 million.
- The 413,000-square-foot property deal is part of Boligoo's U.S. expansion.
- Boligoo's equity contribution is $38.2 million, with $3.4 million from the company.
- The transaction is expected to generate an immediate $800,000 fee for Boligoo.
- Financing will involve bank loans and capital from limited partners.
- The acquisition proceeds despite rising interest rates and a challenging office market.
Israeli real estate company Boligoo Capital is acquiring an office building in Georgia, USA, for approximately $91 million. The company, which specializes in organizing acquisition and development deals for income-generating real estate in the U.S., has signed an agreement for the 413,000-square-foot property. Boligoo's equity contribution for the transaction is $38.2 million, with the company itself investing about $3.4 million. The deal is expected to generate an immediate transaction fee of around $800,000 for Boligoo, led by CEO Itai Goren. This acquisition signifies Boligoo's continued expansion in the U.S. market. Negotiations for the property began earlier, and the company had already disclosed the potential deal in its second-quarter financial reports.
Boligoo plans to finance the acquisition through a joint venture structure. A subsidiary of Boligoo will enter into a partnership agreement with a local U.S. partner, and together they will act as the general partner (GP) in managing the property and the venture. The remaining funds will be secured through bank financing and capital raised from limited partners (LPs). In addition to its share of investment profits as an LP, Boligoo's subsidiary will be entitled to transaction fees, ongoing management fees, and success fees (promote). The immediate transaction fee for the subsidiary is estimated at $800,000.
This significant acquisition occurs despite rising interest rates in the U.S. and challenging conditions for office property purchases in both the U.S. and Israel. Boligoo has been active in the market, having decided in October 2025 to sell three housing complexes, a nursing home, and an industrial property for approximately $190 million. In 2025, the company sold several assets and completed the purchase of an industrial property in Texas for about $17.6 million. Following a period of declining revenues and profits, the 2025 financial report indicated the completion of six project sales totaling $225 million, with $4.6 million earned from success fees. In 2024, success fee revenues were lower at $2.6 million. The company's profit for the past year was $5.5 million, an increase from $2.9 million in 2024.