# Reality Investment Fund

Reality Investment Fund is an Asset Manager based in Tel Aviv, Israel.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tel Aviv, Israel
- **Region:** Middle East
- **Address:** Tel Aviv, Israel
- **Founded:** 2008
- **Assets under management:** $4.23B (per the firm, 2026)
- **Website:** reality-fund.com
- **LinkedIn:** https://linkedin.com/company/realityinvestmentfund
- **Wikidata:** Q25494997

## Regulatory record

- **Reports private funds:** No

## About

REALITY is the leading Group of real estate funds in Israel, managing over $4.23B investment portfolio in high-growth markets.

## Sectors

- Real Estate

## People

- Assaf Vardi — Founder & Managing Partner
- Miki Vardi — Founder
- Ohad Rozen — Founder & Managing Partner

## Questions

### Who makes investment decisions at Reality Investment Fund?

Founders Assaf Vardi and Ohad Rozen serve as managing partners and drive overall strategy. Dan Menachem leads acquisitions for the equity funds, Moshe Hardi manages the debt fund, and Peled Barkai oversees the German core-plus vehicle. The firm operates with a multidisciplinary team that includes appraisers, architects, and planners.

### Does Reality participate in fund commitments or only direct deals?

Reality only executes direct real estate transactions. It operates its own equity, debt, and core-plus fund vehicles and directly acquires, finances, and repositions properties; it does not allocate to third-party fund managers.

### What investment stages does Reality target?

Reality targets value-add and distressed repositioning in existing assets, acquisition and rezoning of underdeveloped land, and direct debt origination for third-party developers. It is not a venture investor and does not write early-stage equity checks except through its separate Reality PropTech community initiatives.

### Which sectors does Reality avoid?

The firm does not invest in venture-stage technology companies or operating businesses outside real estate. Its capital is deployed exclusively in physical real estate — residential, office, commercial, mixed-use, and industrial land — and real estate debt.

### How is Reality related to its PropTech activity?

Reality PropTech is a community-engagement and mentorship arm, not an investment fund. It runs accelerators, startup breakfasts, and mentoring programs to connect real estate operators with technology founders. The main funds do not allocate capital to these startups.

## Related profiles

- [Reality Accelerator](https://altss.com/profile/reality-accelerator)
- [Realization Capital Partners](https://altss.com/profile/realization-capital-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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