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CEO Avraham Bengio has 30 years of experience in the Israeli real-estate industry.

Darkstar's wholly owned Subsidiary Bengio has 400+ Apartments in the initiative.

https://www.prnewswire.com/news-releases/darkstar-ventures-established-a-new-company-bengio-urban-renewal-specializes-in-building-reinforcement-or-reconstruction-in-israel-658018203.html

JERUSALEM, November 16, 2017 /PRNewswire/ --

DARKSTAR VENTURES, INC (OTC: DAVC) and Subsidiary Bengio Urban Renewal announces today a company overview.

Bengio Urban Renewal is a new company founded by veteran real-estate entrepreneurs and expert professionals in the field of construction.

Bengio Urban Renewal specializes in building reinforcement or reconstruction in Israel under the terms of N.O.P 38 (2) (vacate and reconstruct) or N.O.P (3) (reinforce and renovate), supervising projects from their very beginning all the way to successful completion of all stages:

Any other stage involved in upgrading the building until its residents receive their renovated or brand new apartments with full satisfaction guaranteed.

The renewal processes include rights for extra floors on the rooftop with no charge for the tenants or the developer and usually, the developer receive this right to build extra floors in exchange for his commitment to make the building strengthen, which is much lower than the marker price of the new apartments.

Tama (National Outline Plan) 38 grants construction rights to tenants whose buildings undergo strengthening. The tenants transfer these rights to a real-estate developer in exchange for the strengthening, renovation and upgrading of their homes, which, at times, are also expanded. The State also foregoes the tenants' purchase tax and capital gain tax, and the local municipality pitches in by foregoing the betterment levy it is entitled to charge when tenants obtain additional construction rights.

And so, homeowners get to expand their property, wherever possible, and have their building, along with all joint property and public areas, strengthened and improved. In many cases, an elevator is also added, since the developer builds extra floors on the rooftop. Moreover, it is not uncommon for storerooms to be built, as well as parking solutions, all according to the physical and economic conditions of each project.

All about Tama (38)

The economic potential of Tama 38

Each project is examined individually: its economic potential must be well explored in order to ensure, on the one hand, that the developer stands to gain rather than lose from it, and, on the other hand, that homeowners get as much as they can out of it too.

The CEO of the Company is Mr. Avraham Bengio, who has 30 years of experience in the Israeli real-estate industry. Mr. Bengio believes that chemistry between people is a dealmaker or breaker. Most tenants regard Tama 38 as a mission impossible, but where there's chemistry, and the team selected is right, it all flows well, making the entire adventure both possible, and more importantly, profitable.

Bengio Urban Renewal, manager and consultant for Tama 38 projects in Israel, also engages in representing tenants in their agreements with real-estate developers. we believes that alongside a team of professional, leading consultants, that helps promote the entire process in a focused and efficient way, it is vital that the tenants themselves be aware of all that they stand to gain from this project, and the advantages for the building itself.







https://www.cnbc.com/2017/12/12/globe-newswire-darkstar-ventures-finalizes-initial-tama-38-reconstruction-project-with-projected-profits-over-2-million-company-prepares.html

JERUSALEM, Israel, Dec. 12, 2017 (GLOBE NEWSWIRE) -- DARKSTAR VENTURES, INC. (OTC:DAVC) and Subsidiary, Bengio Urban Renewal, announce the first of building projects that the Company has established for the demolition of a building consisting of 12 units, and the construction of 36 units in its place.

“Because compromised structures and older buildings needing to be brought up to code are numerous, TAMA 38 was established and provides all, from the government to the tenant, a lucrative opportunity to greatly benefit. With the potential profit margins involved, we are focused on the signing and establishment of many properties, and are very pleased that the first in this process has been secured,” stated Avraham Bengio, CEO, Darkstar Ventures Inc.

This agreement represents an excellent opportunity for Bengio, whereas upon completion the Company can yield an outstanding rate of return, calculated to exceed $2 million dollars, earning full ownership of all additional property built above the original restructured building.

TAMA 38, is a mutually advantageous Israeli construction program initiated for fortification of the building through the strengthening or rebuilding of older and compromised buildings. Developers are able to build additional levels above existing apartment buildings in exchange for needed improvements such as fortification, and the addition of features such as elevators, balconies, safe rooms or parking.

Bengio Urban Renewal, founded by veteran real-estate entrepreneurs and expert professionals in the construction field, specializes in the building reinforcement and reconstruction in Israel.

Endeavors continue underway, and the Company has sharpened it’s focused on preparations for the launch of projects under the Tama Classification, a National Outlined Plan encompassing 38 construction grants yielding rights to tenants whose buildings require fortification in order to meet current codes and updated standards. These rights are transferred to the developer contracted to build additional levels above existing apartments, enabling this new real estate to be sold for profit in the open market.







https://www.marketwatch.com/press-release/darkstar-ventures-secures-collective-required-authorization-from-tenants-to-move-forward-on-reconstruction-project-2018-04-19

JERUSALEM, April 19, 2018 /PRNewswire via COMTEX/ -- JERUSALEM, April 19, 2018 /PRNewswire/ --

DARKSTAR VENTURES, INC. DAVC, +21.76% and Subsidiary, Bengio Urban Renewal, announce that they have achieved the next milestone on the TAMA 38 project by acquiring all tenant signatures needed to obtain the building permits for reconstruction.

Since required tenant authorization has been obtained, the Company moves forward with securing all necessary permits to initiate the building process. Darkstar Ventures has strategized to outsource the demolition of the existing 12-unit edifice, reconstructing a 36-unit residential structure in its place.

"We are very excited to have reached this milestone. The Tama 38 project is a true win/win proposition for all. Upon completion, tenants become privileged recipients of greatly improved living conditions," stated Avraham Bengio, Darkstar Ventures, Inc.

This agreement represents a continually strengthening position for Bengio, whereas upon completion the Company can yield a rate of return calculated to exceed two million dollars.

TAMA 38, is a mutually advantageous Israeli construction program for fortification of buildings through either the strengthening or rebuilding of older and compromised buildings. Developers can build additional levels above existing apartment buildings in exchange for renovation.

Bengio Urban Renewal, wholly owned subsidiary Darkstar Ventures, founded by veteran real-estate entrepreneurs and expert professionals in the construction field, specializes in building reinforcement and reconstruction in Israel.

The Company prepares for projects under the Tama Classification, a National Outlined Plan encompassing 38 construction grants for building fortification. These rights are transferred to the developer that builds additional levels above existing apartment and sell the new apartment in the open market.