Ruby Equity

Equity Capital for Residential Development in Israel

Equity investment through dedicated funds, partnerships, and direct positions, with Israel’s leading developers and sponsors.

Ruby Equity invests alongside developers across a variety of Israeli real estate projects and strategies. Having been in this market since 2015, we take a long-term view and put our own capital into the deals we bring to investors. At Ruby Equity, we make our own investment decisions, independently of the credit business, and every investment is reviewed by our investment committee. Investors receive quarterly reports and track their positions through our investor portal.

The years since October 2023 tested the market. Slower sales and tighter margins have left developers needing more outside equity to keep their pipelines moving, which has increased demand for the capital we provide.

Our Solutions

Sapphire Funds

Sapphire is Ruby Equity's capital investment platform for residential development projects in Israel. We invest through two instruments, both ranking ahead of the developer's own equity:
• Preferred equity: an equity position in the project, with our return paid out before the developer’s.
• Profit-participating loans: debt that carries a share in the project’s profit.

What Sapphire Funds Deliver
For developers: capital that spreads their own equity across more projects, from land acquisition and planning through to urban renewal and Israel Land Authority projects.
For private and institutional investors: exposure to Israel’s residential development with a share in the upside through an established, professionally managed vehicle.

  • 1+

    Billion NIS
    Equity under management

  • 30~

    Projects

  • 3,000~

    Housing Units
*Data reflects the company’s activity as of May 2026.US dollar equivalents converted at USD/ILS 2.9.

Additional Equity Investments

Ruby Equity also invests across a range of other segments and opportunities in the real estate market.

Ruby Equity Management Team

Ruby Equity Management Team »

  • Omer Alpern

    Partner
    Omer is an expert in initiating and establishing real estate financing and investment activities, as well as in project finance and complex real estate asset financing. He has partnered in and led numerous debt and equity fundraising processes for real estate, infrastructure, and energy ventures in Israel and abroad, totaling billions of shekels. At Ruby Capital, he leads the Group’s equity investment activity and is responsible for the division’s business development and for shaping its strategic and financial direction.

  • Ido Roimi

    V.P, Equity Investments Manager
    Ido has extensive experience in real estate development, business development, and investments, including leading development initiatives, advancing real estate transactions, and overseeing project development. Throughout his career, he has held senior management positions in real estate development and business development, gaining broad expertise in planning, asset enhancement, transaction evaluation, and execution. Ido is a certified real estate appraiser with in-depth knowledge of the Israeli real estate market and extensive experience in advancing complex real estate transactions and projects.

Financial Partners >

Selected Developers >

Selected Projects >

  • Bnei Ayish

    Bnei Ayish

  • Delkol

    Lod

  • Givat Tal

    Alfei Menashe

  • Ha’Oman

    Ashdod

  • Sirkin

    Petah Tikva

  • Pri Chadash

    Jerusalem

  • Rabbi Akiva

    Holon

  • Rachel Imenu

    Jerusale

  • Amishav

    Petah Tikva

  • Yehuda Halevi

    Tel Aviv

  • Kiryat Gat

    Kiryat Gat

  • Hankin

    Ra’anana

News and Updates >

  • Migdal Joins Ruby Equity as a Partner in Financing Residential Projects

    Equity
    January 26
    Migdal joins Meitav, Leumi Partners and Hachshara Insurance as a major investor in the Sapphire II Fund. The fund has already completed transactions totaling NIS 140 million since its launch last summer. Mendi Henig | January 18, 2026 | 14:23 Migdal Insurance is joining Ruby Equity’s Sapphire II Fund as a major investor, with an […]
    Read more >>
All News >>