By the numbers: Seeking cash, not milk or honey

From the October issue: They go to the Holy Land not to pray, but instead to appeal to the people (aka investors) for cash. In the last few years, U.S. real estate players have trekked to Israel to raise cheap capital on the Tel Aviv Stock Exchange. Two or three years ago, firms were tapping the market with abandon. Then in mid-2016 everything changed when Canadian condo developer Urbancorp filed for bankruptcy after raising $48 million […]

Source: Real Estate

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