Electra Real Estate Ltd. (ELCRE.TA)
Electra Real Estate Ltd. operates in the Real Estate - Services industry of the Real Estate sector, headquartered in Tel Aviv, TA, IL. The stock last traded at $2875.00, down 2.24% on the session, giving a market capitalisation of $1.98B. Its beta of 0.86 implies it has historically moved less than the broad market.
Electra Real Estate Ltd. specializes in establishing, overseeing, and managing private equity funds primarily invested in income-generating commercial properties across Israel and the United States. In the US, the company maintains a substantial portfolio, owning and operating approximately 32,000 multifamily residences located in Georgia, Florida, North Carolina, South Carolina, Tennessee, and Texas. Beyond these apartment complexes, Electra's scope includes the acquisition, development, and enhancement of diverse real estate assets such as new single-family rental homes and distinctive urban hotel properties, often involving their repositioning, repurposing, and revitalization. The company also extends its services to provide short-term capital, encompassing bridge loans, mezzanine financing, and preferred equity investments, to middle-market real estate enterprises. Furthermore, it offers comprehensive advisory support for real estate transactions and operational facets, covering acquisitions, underwriting, structuring, closing processes, and property management. Founded in 1972 and based in Tel Aviv-Yafo, Israel, Electra Real Estate Ltd. operates as a subsidiary of Elco Ltd.
Electra Real Estate Ltd. is most often compared with the following Real Estate names: