Buligo Capital
Overview
U.S. real estate investing since 2012, with 80 investments realized, by a firm publicly traded since 2021.
Track record (as of May 2026)
- 178 U.S. investments since founding
- $1.9B equity, $5.2B total capitalization
- $2.3B total value from realized deals
- 22.4% average net IRR and 2.1x, realized
Who leads it: founder and CEO Itay Goren (over 20 years leading large international real estate deals), founder and Chairman Ilan Tamir (over 30 years, a senior housing specialist) and founder Eyal Slimak (over 30 years in development).
How they invest: Buligo handles every stage, from sourcing and financing to asset management and exit, and invests alongside its investors in every deal.
Role on Relli: lead sponsor and co-investor in each of its offerings here. Each offering page names the local operating partner for that property.
What they do: stabilized and ground-up multifamily, industrial, grocery-anchored retail, senior housing and office, mainly in the Southeast, Texas and the Mountain states.
Balance sheet: about $70 million of equity and an equity-to-assets ratio of about 84% (Q1 2026).
Credentials: CFO Adi Grinberg and COO Rivka Kompel are CPAs.
About these figures: returns are net to investors, weighted by investor capital, and include two deals with a negative return. Past performance does not guarantee future results.
Investment Strategy
Co-investment model: Buligo buys and builds U.S. real estate with sector-specialist operating partners, and investors join deal by deal or through a diversified fund.
- Sectors: multifamily, shallow-bay industrial, grocery-anchored retail, senior housing, office
- Markets: the Southeast, Texas and the Mountain states
- Partners: a sector-specialist local operator on every deal
- Alignment: Buligo invests its own capital in every deal
What they buy: Class A/B property in expanding metros, both stabilized assets and ground-up developments, typically held 4 to 7 years.
How value is added: renovations, lease-up, operating improvements and capital programs to grow net operating income.
Why these markets: population growth, job creation and limited new supply in the metros people are moving to.
Reporting: detailed quarterly reports, interim updates on important developments, online access to portfolio documents, and site visits on request.
Your next investment starts with a conversation.
Talk to Buligo Capital before you invest. Investors pay Relli $0.