Mergers & Acquisitions
Aura Takes Full Control of Bayit Bakfar in NIS 1.7 Billion Senior Living Deal
By News Desk ·
Key takeaways
- Aura is acquiring full control of Bayit Bakfar from the Blustein family for NIS 1.7 billion.
- The deal pays NIS 1.15 billion in cash and NIS 550 million in Aura shares based on a NIS 5.5 billion valuation.
- Bayit Bakfar runs five complexes with 975 units and holds reserves for 884 more apartments across three projects.
Aura, the residential developer owned by Yaacov Atrakchi, agreed to acquire full control of senior living operator Bayit Bakfar from the Blustein family for NIS 1.7 billion, The Jerusalem Post reported on October 29, 2026. Bayit Bakfar, founded in 1988, runs five senior living complexes in Israel.
How the Bayit Bakfar Deal Is Paid
Aura will pay NIS 1.15 billion in cash and issue NIS 550 million in Aura shares, based on a company valuation of NIS 5.5 billion. On completion, Bayit Bakfar will operate as a private company under Aura's control.
The purchase adds 975 existing residential units to the Aura Group, along with reserves to build 884 more units across three new projects. Bayit Bakfar is advancing projects in Be'er Ya'acov with 249 apartments and Modi'in with 300 apartments, both at the start of construction, and at Kibbutz Usha with 335 apartments.
Bayit Bakfar reported revenues of NIS 109.6 million in 2025 and total equity of NIS 1.29 billion, and the company is unleveraged. The Blustein family has committed to a non-compete clause in the sector, and outgoing chairman Yaniv Blustein will advise the company for the next three years. Liran Razmovich, CEO of Discount Capital Underwriting, brokered the transaction.
Bayit Bakfar's Operating Network
According to akta.pro company records, Bayit Bakfar operates five homes in Kfar Saba, Gedera, Bitan Aharon and Hof Kineret, serving approximately 1,000 residents, and has three more in planning or construction. The same records list a 2025 expansion of the network from five to eight operating properties through new homes in Kfar Saba Boutique, Be'er Yaakov and Modi'in, and a medical-advisory partnership with Prof. Rafi Karaso covering the "70 for Health" preventive-medicine program.
Other Property Deals This Week
Shinsegae is acquiring Lotte Department Store's Centum City branch in Busan to combine it with Shinsegae Centum City into a mixed-use destination called Shinsegae Town, Naver reported on October 29, 2026. Carrello raised its stake in Croatian construction company Tehnika to 61.39% after a takeover offer at 10 euros per share, SeeNews reported on October 27, 2026.
Blustein's Advisory Role After Closing
Yaniv Blustein will serve as an advisor to Bayit Bakfar for three years following the agreement, and the Blustein family's non-compete commitment covers the senior living sector.