Brooklyn Developer Taps Israeli Market Ending Urbancorp Drought

Updated on
  • Leser Group raising 125 million shekels in retap of 2026 bond
  • First by North American developer since Urbancorp bankruptcy

Brooklyn developer The Leser Group Ltd. is selling 125 million shekels ($32.5 million) of bonds in Israel, reopening a market that was shut to North American real estate companies after Canadian developer Urbancorp Inc.’s April default rattled investors.

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