Israeli Investors Pouring Money Into U.S.

Three Israeli institutional investors are about to close a $400 million deal to invest in Washington residential properties together with the United States property developer Larry Silverstein as asset managers look for ways to improve returns in an era of record low interest rates. The Amitim pension fund, the insurance company Menorah and Psagot Investment House are in the final stages of negotiations with Silverstein, a New York real-estate magnate famous for having leased the World Trade Center buildings just weeks before the 9/11 attacks. The deal, which still requires the approval of the three Israeli companies’ boards, is to invest in multi-family housing projects in and around the U.S. capital. Source: Haaretz