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Elbit Plaza USA Aims to Invest up to $1B in U.S. Retail Real Estate

$200M Co-Investment Agreement With Eastgate Property Sparks Aggressive Retail Real Estate Acquisition Goals
By Sasha M Pardy
March 5, 2010 | 9:54 P.M.

Elbit Plaza USA, a new real estate investment venture jointly formed by Elbit Imaging and Plaza Centers N.V., has entered into a co-investment agreement with Eastgate Property, an affiliate of international real estate fund manager, NCH Capital. Specifically, Elbit and Eastgate have committed to co-invest, in equal portions, a combined $200 million with a fund that would invest in the U.S. retail and commercial real estate sectors, either through direct purchases or joint ventures.

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