U.S. property developers flock to Tel Aviv debt market
Four companies have raised $709 million this year and more are on their way.
The New York real–estate developer Steven Witkoff is set to join colleagues such as Joel Weiner of Zarasai Group and Gary Barnett of Extell Development in tapping the Israeli capital market for debt. His Witkoff Group, which holds a huge portfolio of office, industrial and residential properties, is weighing a bond offering that is expected to reach 500 million shekels...
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