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Leumi Partners Invests $100 Million in US Housing Firm Harbor Group
Leumi Partners, the investment arm of Bank Leumi, has invested $100 million in U.S. real estate firm Harbor Group, valuing the company at $1.275 billion. Harbor Group, founded by Jordan Slone, manages $22 billion in U.S. rental housing and commercial properties.
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What happened
- 01Leumi Partners invested $100 million in U.S. real estate firm Harbor Group.
- 02The deal values Harbor Group at approximately $1.275 billion.
- 03Harbor Group manages $22 billion in U.S. rental housing and commercial properties.
- 04The investment gives Leumi Partners an option to increase its stake to 10%.
- 05Harbor Group was founded in 1985 by Jordan Slone.
- 06The deal was led by Jordan Slone and Victor Vackrat.
The investment provides Leumi Partners with an option for a 10% stake and aims to capitalize on Harbor Group's growth plans. The deal was led by Harbor Group's CEO Jordan Slone and Leumi Partners' CEO Victor Vackrat.
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