Owns and operates assisted living residence
Beit Hazahav ended 2025 with real operating improvement in NOI, FFO and service income, but it still has to be read as a senior-living company built around one asset, moderate appraisal support and a liability structure that deserves close attention.
At Beit Hazahav, the NIS 272.3 million appraisal describes a clean asset, but the layer that really matters for equity starts at NIS 250.9 million after resident deposits and narrows further once the bank package and Series D are taken into account.
Beit Hazahav's service layer improved in 2025, but the truly recurring engine is narrower than the headline suggests, because the monthly fee layer and the erosion schedule are recurring income while the resident deposit is mostly a liability with a refund mechanism.
