Earns revenue from operating sheltered-housing homes for independent seniors, through annual erosion of residents' upfront deposits and monthly maintenance and service fees, with a small contribution from subleasing space inside the homes.
Geographic Exposure
Israel100%
Revenue Drivers
Sheltered housing residency and services
Operating senior residences; combines deposit erosion and monthly maintenance and service fees
CORE92.7%
Space subleasing
Letting space inside the homes, including to the nursing department operator
PERIPHERAL5%
Seniors members club operation
Running a membership club for older adults; activity ceased after the reporting year
PERIPHERAL2.2%
End Markets
Independent seniors aged seventy and over
Third-party nursing department operators
Commercial subtenants
Specializations
Indexed resident deposit with annual forfeiture mechanismStatutory deposit protection under the Sheltered Housing LawOpen-ended indefinite-term residency agreementsExternally operated nursing departments inside the homesPipeline of new sheltered housing projects under development
