Kuba and Shemesh are childhood friends that emigrated to the United States from Israel in the 1980s, where they set up a landscaping business.

[3] In 2005, in partnership with JBG Smith, the company acquired the Marriott Wardman Park hotel from Thayer Lodging Group for $300 million.

[9] In April 2012, the company acquired the site of 108 North State Street for $84 million from Bank of America, which had foreclosed upon the property.

[11] In 2013, in partnership with Ben Shaoul, the company acquired part of the Verizon Building for $247 million for residential conversion.

[17] In October 2017, the company acquired the Montague–Court Building, then the largest office tower in Brooklyn, for $171 million from SL Green Realty.

[19] In February 2018, the company acquired Cole Capital, which had $7.6 billion in real estate assets, from VEREIT.

[21] In April 2020, the company agreed to buy Baldwin Hills Crenshaw Plaza for more than $100 million with plans to convert the former Sears and Walmart into offices to drive more foot traffic into the remaining retail stores.