The intriguing mathematics that turns Manhattan properties into Israeli shekels
New York
WHAT do Israeli investors know about retirement homes in Indiana state in the US? Enough to lend them 265 million shekels (S$95 million).
Strawberry Fields, a real estate investment trust (Reit) whose facilities cater to Alzheimer's sufferers in the Midwest, is the latest of at least 14 US property companies that have borrowed a combined 8.1 billion shekels in the Israeli market since 2008, securing interest rates they could only dream of at home.
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Property
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