Megureit Israel Ltd is an Israel-based company, which operates as a residential Real Estate Investment Trust (REIT). The Company's main objective is to invest in income-producing real estate properties in Israel and therefore enable investors to participate, indirectly, in the acquisition and holding of residential rental projects. Furthermore Megureit Israel Ltd's objective is to invest in accompanying real estate properties, such as stores, parking lots and adjacent commercial centers that accompany its residential real estate investments. The Company focuses on the purchase of new apartments rather than second hand apartments.