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What is TAMA38?

A unique construction program in Israel to rebuild old apartment buildings. Invest in a TAMA project and earn exceptional returns in a short timeframe.

  • TAMA 38 is a unique construction program from the Israeli government to increase urban housing and to protect older apartment buildings from earthquakes.  Developers get to add new floors on the top of existing apartment buildings in exchange for doing improvements on the building.  Improvements include strengthening existing building, elevator, new façade, balconies, safe rooms.
  • For their work in improving the existing building, Developer ends up with the best new apartments (top floors), in newly renovated buildings, in the best locations of existing high demand neighborhoods.
  • In the next 10 – 20 years over 25,000 residential apartment buildings in Israel will be rebuilt to TAMA 38 standards, creating thousands of new homes. (over 250,000 buildings qualify for TAMA renovations.  Developers are currently focusing on the top markets that produce the highest ROI)
  • American Israel will finance/develop the construction of approximately 10 projects per year, through loans from private funders.  Funders will also have the option to purchase new apartments at discounted prices.
  • We anticipate an annual return on investment of 9% – 10% with minimal risk.  Investment timeframe is 30 – 36 months for most projects. Projects have excellent security collateral.
  • TAMA projects very much help the State of Israel.  They make apartments safer and stronger.  They create much needed new housing.  They generate jobs and stimulate economic development and tax revenue.
  • Israel’s population is 8.842 million, 43% of world Jewry.  Central Bureau of Statistics figures show 74.5% of population is Jewish/ predict population will be 15.2 million by 2048.  Much new housing is required.
5
Project Loans Completed
29
Current Projects in process
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About American Israel

American Israel is a leading developer of TAMA 38 projects in Israel

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Investing

You can earn exceptional returns in a very short time frame

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Current Projects

We have several excellent TAMA 38 projects in various stages of development and construction

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Meet Our Management Team

We have an expert team of professional “American” management, in Israel

Aryeh Deverett

CEO

Originally from Toronto, Canada. Extensive background in finance, project management and marketing. Aryeh focuses on investor relations, marketing, compliance (legal and accounting)

Jonathan Kestenbaum

President, Development Division

Originally from Lawrence (5 Towns) New York. Experienced in project planning and construction management. Jon focuses on project acquisition, project management & construction management.

Daniel Blush

General Manager, Finance Division

Daniel is a licensed real estate broker and general manager in our TAMA business Originally a New York native, Daniel has an MBA in Business Administration and eclectic experience in the world of business and real estate. Daniel spent several years as a broker for a real estate firm whose client base was largely new Olim.

Eli Pollack

Strategic Manager

Eli Pollack is part of the father-and-son team who founded Pollack Real Estate Investment Consultants ten years ago. Together with his late father Moshe Pollack, Eli opened the brokerage as a full-service family property management company to deal with all aspects of real estate acquisition and investment in Israel and abroad.

What Our Investors Say

I earned over 12% per year on my TAMA 38 loan.  Hard to get that in other investments.

Investor

American Israel sends us monthly reports and stays in touch with us.  They are very quick to answer our questions.

Investor

My wife and I are considering making Aliyah in the future.  But for now, we wanted to invest in real estate in Israel.  But it didn’t make sense to buy an apartment and leave it empty, or rent it out for breakeven.  With TAMA we are investing in Israeli real estate – making great return – and no hassles.

Investor

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Articles About TAMA 38

Here are various articles about TAMA 38