Neither the one or the other. A REIT fund invests in real estate that yields an income; they are rented out, and that is the profit of the investor. A VC fund invests in technology, and it is high-risk. We use the money put in by our investors to build residential real estate projects, or even non-residential real estate projects, which are then sold. We do not invest in rent-yielding property, and we are not a high-risk investment like a VC fund. We have two funds, for which we raised $100 million. Since we can get bank credits for 80 percent of the cost of our projects, it means that we have more than $900m. at our disposal. We are now in the process of raising a third fund.
Fifty percent of our investors in the FAIRE 1 Fund were Israelis. In the second fund, only 25% were Israelis and the other 75% were from the USA, the UK, Canada, South Africa, Belgium, etc.
