Electra Real Estate
Found 4 recent publications
Stock down 50%: Electra Real Estate sells property at a $1 million loss
The company is divesting its residential complex in Texas after more than seven years of ownership. The outlook for investors is disappointing: the annual yield is minimal, and the accounting loss will be recorded in the third-quarter reports.
From Sailing Instructor to Chairman: How Gil Roshinek Boosted Electra Real Estate's Value 16-Fold
"After 2008, we sold assets at any price to avoid a debt settlement. I went on a crazy realization journey. I sat in front of senior officials at Deutsche Bank, to whom we owed millions, to extract a few shekels," recalls Gil Roshinek, Chairman of Electra Real Estate.
The Zalkind brothers go on the offensive: Elco buys more Electra Real Estate shares
Following reports at the end of the week, the controlling shareholder continues to increase its stake, purchasing another 190,000 shares for 7 million shekels. Total investment since the end of the week has reached 15 million shekels.
Second U-turn: Electra Real Estate completes previously cancelled capital raise at an 18% discount
Electra Real Estate, a manager of rental housing complexes in the USA, lowered its offering price and completed a 150 million shekel share issuance (approx. 6% of the company) to Menora Mivtachim and other investors. If options are exercised, the company will receive an additional 80 million shekels.