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Reit 1, Ltd. engages in the acquisition, management, and lease of real estate property. The company holds real estate for commercial and industrial use primarily in the central region of Israel. As of September 30, 2008, its holdings included 9 office properties, 2 industrial properties, and a commercial property, as well as a commercial parking lot with 376 parking spaces. The company, formerly known as Reit 1 Israel (2006) Ltd., was founded in 2006 and is headquartered in Tel Aviv, Israel.