Steven Witkoff of the Witkoff Group and the Lightstone Group’s David Lichtenstein are preparing to follow in the footsteps of Extell’s Gary Barnett by exploiting the Israeli capital markets for debt.

Reports say that both developers are considering bond offerings expected to precipitate for each $141.6 million, or 500 million shekels. Lichtenstein’s plans if completed, will be the eighth, in recent months, of such an offering by an American property developer on the Israeli market, according to Haaretz.

Smaller companies are able to access few markets that are not structured as real estate investment trusts, and the Israeli market is one of the few. According to Haaretz news, an increasing number of companies are drawn by low interest rates and readily-available capital. Four property developers in the United States, so far this year, have raised a combined 2.5 billion shekels, or just over $709 million.

According to Haaretz, Extell’s bonds have risen 0.6 percent and are currently yielding 4.7 percent.