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The Israel-America Chamber of Commerce Establishes the Real Estate Division
Monte
#1 Posted : Monday, November 08, 2010 6:15:52 PM
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The Israel-America Chamber of Commerce's Real Estate Division was established to assist U.S. and Israel based parties involved in real estate between the two countries. The committee will be headed jointly by Shlomo Grofman, Monte Silver and Danny Fishman

Tamar Guy, CEO of the Chamber, states that in recent years, and especially since the U.S. financial and real estate crisis, Israeli entities both large and small are actively investing in U.S. real estate. "The unique situation in the U.S. has created considerable interest among Israelis interested in U.S. real estate transactions and operations. The U.S. market is different than in Israel. And the Chamber's real estate division will assist Israelis who are unfamiliar with this market. In the opposite direction, the Division will also help Americans interested in purchasing Israeli real estate, whether for business, Zionist or family reasons."

"After last week's tour and meetings with American real estate –oriented businessmen, I see lots of opportunities for Israeli investors, whether institutional investors, insurance companies or investment companies, especially with regard to income-generating properties in New York and the surrounding areas," says Shlomo Grofman. "The prices today offer a very interesting return on investment and banks are able to provide leverage for good deals."

Monte Silver said that there are now many opportunities to purchase properties at significantly reduced costs throughout the United States. Yet Israelis should be careful when investing their money abroad. "There are reputable companies/partners that can assist the Israeli investor when investing abroad, but investors must beware especially when operating in a foreign land. The role of the real estate division will be to gather and disseminate relevant information for companies active in both markets, and address issues common to most investors."

Mr. Silver has 15 years experience in practicing law in Israel and the U.S., dealing primarily with real estate transactions and international tax planning. Prior to entering into private practice, Mr. Silver worked at the U.S. Tax Court and the Estate & Gift Tax section of the IRS. In addition to practicing law, he is co-founder of Gelt Inc., a U.S.-Israel real estate company that acquires and manages commercial U.S. real estate, primarily in California. In 2009, Gelt Inc. was ranked #1 acquirer of multi-family complexes in southern/central California.

Shlomo Grofman is among the most prominent entrepreneurs and real estate businessmen in Israel. He is Chairman of the Faire Fund - Limited Partnership, an Israeli American real estate fund. And together with politician and businessman Zalman Shoval he also founded Shoval Grofman Real Estate Limited. Previously, Mr. Grofman was chairman of Holiday Inn in Europe, Africa and the Middle East, as well as head of Israel's missions to Eastern Europe.

Businessman Danny Fishman, founder of Tamir Fishman, heads Gaya Real Estate Group, which specializes in U.S. real estate investments.


Monte Silver, Esq.
msilver@wccelaw.com –U.S.A.
monte@gkl.co.il – Israel
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bruce1029
#2 Posted : Friday, October 28, 2011 2:56:59 AM
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