GAZIT-GLOBE LTD. announced the formation of a new subsidiary company, Gazit Horizons Inc., to invest in income producing real estate throughout the United States. The new company, with offices in Miami and New York City, will seek to acquire assets in targeted markets throughout the country, with a focus on major metro markets and the growing urban cores of certain "gateway" cities. The company intends to invest in larger properties with mixed-use potential and will look for unique opportunities to uncover value through diversity of use as well as redevelopment and proactive asset management.