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Globes | by: Kobi Yeshayahou | 25/10/15


 Elco holds 38.4% of Landmark Apartment Trust, sold to the Starwood and Milestone funds for $1.9 billion. 

Elco Holdings Ltd. (TASE: ELCO), controlled by Gershon Salkind, has reported that US funds Starwood Capital Group and Milestone Apartments Real Estate Investment Trust have signed an agreement for the purchase of real estate fund Landmark Apartment Trust (LAT), which holds most of the Elco group's multifamily residential real estate business in the US.