REIT 1 to buy 50% of Amdocs compound

REIT 1 Ltd. (TASE:RIT1) has signed an MOU to buy half of the Amdocs compound in Ra’anana, from the group of developers who built it, for $83 million. REIT 1 will finance the purchase from shareholders’ equity and with a loan to be taken just before the sale is closed. The net rent from the property totals $6.9 million a year.