Sella Capital Real Estate

What Sella Capital Real Estate does

Sella Capital Real Estate (סלע קפיטל נדל"ן) is an Israeli Real Estate Investment Trust publicly listed on the Tel Aviv Stock Exchange within the TA-90 index, operating a diversified portfolio of approximately 45 income-producing properties totaling 547,000 square meters of leasable area and valued at roughly 6.0 billion ILS. The portfolio is segmented across offices (51%), retail and commercial centers (26%), logistics and light industrial (11%), parking (5%), and other uses (7%), with 555 active tenants ranging from financial institutions (Bank Poalim, Bank Mizrahi-Tefahot, Barclays), telecommunications (Bezeq), and large retail chains (Super Pharm, Carrefour, Shufersal) to government agencies (Ministry of Health, Ministry of Economy, Israel Post) and technology firms (RADA, Forter, Allot). The REIT is headquartered at Moshe Aviv Tower in Ramat Gan and was founded and chaired by Shmuel Slavin, former Director General of Israel's Ministry of Finance and Ministry of Welfare, with Gadi Elimelech serving as CEO.

Name

Sella Capital Real Estate

Legal name

Sella Capital Real Estate Ltd. (סלע קפיטל נדל"ן בע"מ)

Website

https://sellacapital.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Sella Capital Real Estate is an Israeli publicly traded REIT managing a diversified 6.0 billion ILS portfolio of 45 income-producing office, retail, logistics, and parking properties serving 555 tenants across Israel.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Trust (REIT)

NAICS

Lessors of Real Estate (5311), Other Financial Vehicles (525990)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industries

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Real Estate Funds — Core (Stabilized, Income) (FSANAEAF)

Keywords

• Commercial real estate leasing
• Real estate investment trust
• Office space rentals
• Retail property leasing
• Commercial property management

Headquarters

HQ city

Ramat Gan

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Rental Income: The company generates revenue primarily through leasing office spaces, commercial centers, light industrial and logistics buildings, gas stations, and hospitality properties to tenants across Israel. Rental income is distributed to shareholders as quarterly dividends after retaining reserves. As a REIT, the company is exempt from corporate tax and is required to distribute at least 90% of taxable income as dividends.
2. Property Value Appreciation: Capital appreciation from the underlying real estate portfolio valued at approximately 6.0 billion shekels, with properties spread across offices (51%), retail (26%), logistics (11%), parking (5%), and other segments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Sella Capital Real Estate operates as a publicly traded Real Estate Investment Trust (REIT) on the Tel Aviv Stock Exchange, owning and leasing a portfolio of 45 income-producing commercial properties across Israel totaling approximately 547,000 square meters. The portfolio spans offices (51%), retail and commercial centers (26%), logistics and light industrial (11%), parking (5%), and other segments (7%), serving 555 tenants. The REIT is exempt from Israeli corporate tax and is required to distribute at least 90% of taxable income as quarterly dividends to shareholders.

Product overview

Sella Capital Real Estate operates as a publicly traded REIT (Real Estate Investment Trust) listed on the Tel Aviv Stock Exchange, managing a portfolio of approximately 45 income-producing properties across Israel with a total asset value of approximately 6.0 billion shekels. The company offers a unified investment platform enabling private investors to participate indirectly in Israeli commercial real estate through quarterly dividend distributions. The portfolio comprises office buildings (51%), retail/commercial spaces (26%), logistics/industrial (11%), parking (5%), and other properties (7%). The company's product and service lineup includes the Sella REIT investment vehicle, office space rentals across major towers (Migdal Moshe Aviv, Migdal Paz, Asdar 2000, Platinum Tower), retail and commercial space rentals through shopping centers and street-front locations, industrial and logistics facilities, fuel station commercial spaces, and parking lot management. The company is managed by Gadi Elimelech (CEO) and was founded by Shmuel Salvin (Chairman), formerly Director-General of the Ministry of Finance.

Differentiator

Problem solved

Functional benefit

Products and services

• Sella REIT (Real Estate Investment Trust) A publicly traded Real Estate Investment Trust listed on the Tel Aviv Stock Exchange (TA-90 index), offering investors exposure to income-producing commercial, office, retail, industrial, and parking real estate across Israel. Exempt from Israeli corporate tax and required to distribute at least 90% of taxable income as quarterly dividends.
• Office Space Rentals Rental of office space across multiple properties in Israel, including high-rise office towers such as Migdal Moshe Aviv (Ramat Gan), Migdal Paz (Ramat Gan), Asdar 2000 (Tel Aviv), and Migdal Recital (Tel Aviv). Leased to corporations, government agencies, financial institutions, and technology companies.
• Retail and Commercial Space Rentals Rental of retail and commercial space in shopping centers, retail parks, and street-front stores across Israel, including Kanyon Kfar Saba Hayaroka, Kanyon Lev Hapesagim (Jerusalem), City Center Haifa, and others. Leased to national and international retail chains, pharmacies, restaurants, and service providers.
• Industrial and Logistics Space Rentals Rental of light industrial and logistics facilities, including warehouses and manufacturing spaces, in industrial zones across Israel such as Yavne, Holon, and Nof HaGalil. Leased to manufacturing, distribution, and storage companies.
• Fuel Station Commercial Spaces Commercial spaces within fuel station complexes offered for rent, typically including convenience stores and retail units, leased to energy companies and convenience retail operators.
• Parking Lot Management Management and operation of parking lots integrated within Sella Capital's commercial and retail properties across Israel.

Quantifiable outcome

• 7.0% average annual dividend yield
• +3 more outcomes

Named customers23 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Midroog (Maalot)coreOthers · 1 March 2008Midroog (Maalot) is an Israeli credit rating agency that provides credit ratings for Sella Capital Real Estate's bond issuances. The company holds an AA3 credit rating with stable outlook, which is critical for accessing capital markets at favorable terms.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Amot Investments: An Israeli REIT listed on the Tel Aviv Stock Exchange that owns and leases income-producing office, retail, and industrial properties across Israel — closely comparable in portfolio mix, regulatory structure, and yield-driven investor proposition to Sella Capital Real Estate.
• Melisron: An Israeli real estate company holding and leasing office, retail, and industrial properties. Comparable to Sella as a domestic REIT-like vehicle with an income-producing diversified property portfolio.
• Big Shopping Centers: An Israeli retail-focused REIT operating shopping centers and commercial properties across Israel. Overlaps with the 26% retail segment of Sella's portfolio and shares the Israeli REIT regulatory framework and dividend distribution model.
• Reit 1: An Israeli REIT focused on commercial real estate leases across Israel, subject to the same REIT regulatory regime as Sella, with similar quarterly dividend distributions and tenant mix.
• Azrieli Group: A leading Israeli real estate company focused on income-producing office, retail, and logistics properties, partly held within an Israeli REIT-like structure. Highly comparable to Sella in property type mix (notably office-tower exposure) and Israeli-only geography.
• Property & Building Corporation (PBC): An Israeli real estate holding company with significant office, retail, and residential exposure consolidated into an investable structure. Comparable to Sella as a publicly traded Israeli vehicle that aggregates income-producing property assets for public investors.
• British Israel Investments: An Israeli real estate investment company leasing and managing commercial properties in Israel. Comparable to Sella's portfolio composition, scale, and Israeli investor base.

Broad incumbents

• Gazit Globe: An Israeli-headquartered global real estate investment company owning and managing shopping centers in multiple geographies. Comparable as a listed real estate vehicle serving yield-seeking investors, though broader and more international than Sella.
• Discount Investment Corporation (IDB Holdings real estate): An Israeli holding company with significant real estate and property-development operations that produces real estate income for shareholders. Comparable as a diversified Israeli real estate exposure vehicle, though broader than Sella's narrow REIT focus.

Regional players

• Norstar Group: An Israeli real estate investment and management firm with income-producing property exposure primarily in the US but reporting through Israeli capital markets. Comparable as an Israeli-listed real estate income vehicle, albeit with international rather than domestic-only exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sella-capital-real-estate-ltd.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sella Capital Real Estate