Aura Group Acquires Beit Bakfar for $450 Million to Enter Senior Living Market
Translated & summarized from Maariv by baba
Aura Group is acquiring Beit Bakfar for NIS 1.7 billion to enter the senior living market, adding 975 existing units and plans for 884 more. The deal diversifies Aura's business beyond residential development. Beit Bakfar operates five senior living complexes and has three development projects underway. The acquisition is a strategic move for Aura to become a leading housing group in Israel.
The story in 5 lines · by baba
- Aura Group is acquiring Beit Bakfar for NIS 1.7 billion, entering the senior living sector.
- The deal includes 975 existing senior living units and plans for 884 new units.
- Beit Bakfar operates five senior living complexes and has three development projects.
- Yaakov Attarachi stated the acquisition is a strategic step for Aura's growth.
- The transaction involves a combination of cash and stock payments.
Aura Group, owned by Yaakov Attarachi, is acquiring full control of Beit Bakfar for NIS 1.7 billion (approximately $450 million) in a deal involving cash and stock. The acquisition includes 975 existing senior living units and reserves for the construction of an additional 884 units across three projects. This move marks a significant expansion of Aura's business strategy, diversifying beyond residential development and urban renewal into the senior living sector, which is seen as a key growth engine.
Beit Bakfar, established in 1988, is one of Israel's veteran senior living companies. It currently operates five senior living complexes with a total of 975 units. The company is financially stable with no leverage, reporting NIS 109.6 million in revenue for 2025 and equity of NIS 1.29 billion. Following the completion of the deal, Beit Bakfar will become a private company under Aura's control.
Beit Bakfar has three development projects underway: 249 units in Be'er Yaakov, which are in the early stages of construction; 300 units in Modi'in, also in early construction; and 335 units in Kibbutz Usha. Attarachi stated that the acquisition is a significant strategic step towards Aura's vision of becoming Israel's leading and most comprehensive housing group.
