TORONTO, Jan. 13 /CNW/ - Erez Capital Fund is pleased to announce its
most recent acquisition - a 50,000 SF suburban Office Building fully occupied
by Resolve Corp., an international public company located at 145 Roberson RD,
Ottawa. The property is under a long term lease and is strategically situated
in the Ottawa office market and is expected to provide high and stable
Resolve provides outsourced business resources and manages the processes
of fortune 500 companies in the financial services, governmental, retail,
consumer goods, and communication industries. The location at 145 Robertson RD
is an in-bound call centre servicing government and corporate clients.
Udi Erez CEO of Erez Capital Fund says "Although the credit market has
been volatile we have been fortunate to secure financing with Desjardin." Erez
views the current market situations as an opportunity for serious investors
and indicated "...Lenders are definitely more cautious, however they are very
interested in financing with serious players and those with strong financial
Erez feels there is a continued desire by foreign Investors to acquire
strategically located investment assets within the Canadian marketplace., he
adds "There is an appetite for investments in Canadian real estate; they see
Canada as a more stable and safer option. In fact, they see this as an
opportune time to invest."
Stephen Chase the senior analyst at Erez Capital who was in charge of the
acquisition says "Especially during this turbulent credit market we were
fortunate and appreciative of the efforts put forth by Daniel Shahrabani of
Chelsea capital and Denise Britt of Desjardins in securing very desirable
financing. We are very pleased with this purchase, it is a quality real estate
asset well situated in the sought after Ottawa office market."
Erez Capital Fund Inc. aims to produce a geographically diversified
portfolio of properties resulting in stable growing cash flows with potential
for upside and improvement.
Founded in 2007, Erez Capital Fund's mandate is to represent offshore
investors, mainly from Israel, who are seeking real estate investment
opportunities in the North American market. The Fund targets income producing
properties with stable cash flows or upside potential.
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For further information: Media Relations, (416) 221-8806,