(hereinafter: the "Company")
Ramat Gan, 27th of July 2015
To To
The Securities Authority The Tel Aviv Stock Exchange Ltd. Via the MagnaVia the Magna
Re: Immediate Report - Purchase of a Building by Carr Properties in Washington D.C.
We hereby give notice that Carr Properties Corp. (hereinafter: "Carr")1 signed on Friday the 24th of July
2015, an agreement to purchase an office building located at 1615 L Street in Washington D.C. for the sum of approximately 230 million dollars.
The building is an A Class type building, which includes a total leasing area of approximately 39 thousand square meters, and it is located in the main business center in Washington D.C.
The building's occupancy today is 95% and Carr estimates that it is expected to generate an annual average NOI of approximately 3 million dollars during the first five years after the deal is closed. Carr intends to transfer its offices to the purchased building after the purchase is completed.
Carr intends to finance the purchase of the building from its own sources in the amount of 95 million dollars. In addition, an existing loan for the building in the sum of 135 million dollars bearing annual interest of 4.6% payable (the entire principal) in 2023, will be assigned to Carr.
At the time of signing the agreement Carr gave a deposit in the sum of 5 million dollars.
The transfer of ownership in the property to Carr and the closing of the deal are planned for the fourth quarter of 2015, and as customary they are subject to the performance of precedent conditions, including receipt of an approval of the lenders to assign the loan.

1 Carr is a company under the joint control of the company along with an Investment Fund managed by JPM, each party holding 43.18%. Carr engages, directly and indirectly, in yielding real estate investments for leasing, including management and maintenance of self-owned office buildings in the metropolitan area of Washington D.C., and in the purchase and development of real estate for leasing purposes in that same area.

The information in this immediate report regarding the NOI forecast is considered a future expected information as defined in the Securities Law - 1968. Such information is based on future figures and the company's assessments and there is no certainty that this forecast shall be fully or partially realized and this is inter alia due to factors that are not in the company's control.
Sincerely,
Alony Hetz Assets and Investments Ltd. By: Nathan Hetz, CEO
And Moti Barzilay, Executive Vice President of Business

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