CARASSO REAL ESTAT

Carasso Real Estate Ltd. engages in the provision of real estate services. It operates through the following segments: Residential Real Estate Development, Residential Real Estate Initiation in TAMA Projects, and Profitable Real Estate. The Residential Real Estate Development segment initiates apartment projects in Israel intended for sale, which are in various stages of construction. The Residential Real Estate Initiation in TAMA Projects segment is involved in initiating the strengthening of existing buildings while upgrading the units for the existing tenants and adding residential units for sale to new tenants. The Profitable Real Estate segment develops and leases commercial centers and offices in Israel. The company was founded by Moshe Carasso in 1933 and is headquartered in Tel Aviv, Israel.