Extell Limited

—Founded in 1989 by Gary Barnett and Recognized as one of New York City's most active real estate developers —Focus on residential, office, retail, hospitality and mixed-use properties


  • —New York Observer’s “Most Powerful” real estate person in New York City in 2013—
  • Portfolio exceeds 20 million square feet and over 4 million square feet currently in development,
    One 57 will be completed this year, potentially yielding over $435M in pre-tax cash flow
  • —Rating - A2/stable by Moody's (Midroog)

—Balance Sheet Highlights (YE 2013):

Equity $654MM
Net debt to capital ratio Approx. 49%
net profit $230MM


May 2014, The Extell Development company has completed raising $300MM in bonds
on the Tel-Aviv Stock exchange 

Securities Extell Limited new Bond Serie
Amount of issuanc ILS1,050MM ($300MM)
Total Demand at the Tender Offerin ILS1,700MM ($485MM)
Yield 4.65% (equivalent to 4.55% in $ terms
Coupon Payments Twice a year as of December 2014 and until 2019
Principal Payments 2 equal payments in December 2018 and December 2019
Duration 4.6 Years
Rating A2 / Stable (Midroog)
Security None
Covenants Light & uninterrupting




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