Gazit-Globe launches U.S. investment subsidiary
Tel-Aviv–headquartered Gazit-Globe has launched a new subsidiary company, Gazit Horizons, to invest in income-producing real estate throughout the United States.
The new company, with offices in Miami and New York City, will seek to acquire assets in targeted markets throughout the country, with a focus on major metro markets and the growing urban cores of certain “gateway” cities. The company intends to invest in larger properties with mixed-use potential and will look for unique opportunities to uncover value through diversity of use as well as redevelopment and proactive asset management.
Gazit has named Jeffrey Mooallem as president and CEO of Gazit Horizons. Mooallem most recently was a managing director at Federal Realty Investment Trust.
Gazit-Globe owns and operates 426 properties in more than 20 countries, with a gross leasable area of approximately 6.6 million square meters and a total value of approximately $22 billion.