With a 30-year track record of accomplishments, Mishorim (TLV: MSHR) has an over $800 million world class investment portfolio in real estate assets, which spreads over 2.6 million sq. feet (300 thousand sq. meters) in some of the strongest global real estate markets. We invest in quality stabilized and income producing commercial and office real estate in the US and in Israel, looking to maximize returns while mitigating risks. Our investments focus on locating rental properties with great improvement potential and optimizing the performance and positioning of the income property to create value. Our strategy stems from an equally selective and creative process to pursue opportunities and enhance long term value, while optimizing out investments in order to realize profitability and drive growth. In addition, Mishorim is the controlling shareholder in Skyline Investments, which owns and operates leading hotels and vacation resort properties in Canada and the US. Skyline also holds land reserves of about 3,000 units and over 13,600 acres for development. We focus on creating a deal flow which can offer a competitive advantage for our shareholders in stable housing markets with undervalued or underperforming class B and C properties to create the most attractive profit circumstances. Mishorim, a public company trading on the Tel-Aviv Stock Exchange, conservatively manages its cash resources to present a robust working capital, allowing it to quickly exploit investment opportunities.