Ashtrom in Talks to Sell Fifth of Its Rental Activity to Clal Insurance
Ashtrom is expanding its strategy for partial realization of its rental housing company: alongside the deal with Migdal, the infrastructure and real estate giant is conducting negotiations to sell an identical stake to Clal Insurance…
Assessment
Ashtrom is doubling down on selling stakes in its rental housing arm, now in talks with Clal Insurance after a similar deal with Migdal. The strategy appears to be monetizing a portion of its massive 3,200 unit pipeline without giving up full control. Watch whether these partial sales become the template for other Israeli developers facing high financing costs.