Elbit Subsidiary Buys U.S. Malls
EPN Investment Management LLC, an indirect subsidiary of Tel Aviv, Israel–based Elbit Imaging Ltd., signed a deal to purchase seven retail shopping centers in the United States from affiliates of Charter Hall Retail REIT. Located in Georgia, Oregon and Florida, the malls represent approximately 650,000 square feet of leasable space. EPN picked up the malls for $75 million, which includes the assumption of $22.7 million in property-level debt.
