Rester Management, a real estate company that owns, develops and manages office, retail and residential properties, completed the acquisition of ELAD Canada, a multi-billion dollar real estate development, investment, and asset management company, from ELAD Group, a real estate development company, for $384m. "The transaction reflects the incredible strength and quality of our assets, our expertise, and the positive management of our organization. Our engagement with Rester Management over the past few months has been extensive, I was impressed by their deep knowledge and vast experience, and we are confident this is a value-added partnership for our portfolio, tenants and condo purchasers," Rafael Lazer, ELAD Canada CEO.