How do you make a billion-shekel cash exit on a sheltered housing network?

The Blushtein family is selling the "Bayit BaKfar" sheltered housing network to Aura for a valuation of 1.7 billion shekels. The family, holding 55%, is expected to receive about 935 million shekels in cash. The network was established in 1988 and operates four complexes with 920 housing units.

Real estate company Aura is acquiring the "Bayit BaKfar" sheltered housing network at a valuation of 1.7 billion shekels. The Blushtein family, which holds 55% of the network, is expected to receive about 935 million shekels in cash. The deal reflects a significant value uplift for the family, which founded the network in 1988. The network operates four complexes comprising about 920 housing units with an average occupancy of 90%. Alongside the family, Poalim Equity, which invested 150 million shekels in 2020, is also expected to benefit from the deal with a profit of more than double its investment. The article describes the journey of Shalom Blushtein, the network's founder, and the involvement of his children in management.