Our History

Our founders, Mark and Hart Hasten, have demonstrated solid growth and profitability since the early 1970s. They started the company in Indianapolis, Indiana (USA), where they developed and managed the first upscale convalescent homes. Later they also developed and managed more than 10,000 residential units and over 1.1 million square feet (110,00 square meters) of commercial real estate. During this time, the company developed some of the finest luxury gated communities and resort facilities in Florida and Indiana.

In 1974, Mark and Hart Hasten acquired First National Bank & Trust of Indiana. In November 1989, Mark Hasten was appointed Indiana’s Commissioner of Banks and Director of Financial Intuitions. First National grew to be the largest privately owned financial institution in the State of Indiana, with over 30 branches. In 2006, the bank was purchased by Bank of Montreal for three times its book value and became Harris Bank. As a result of the sale, the family began investing in new ventures in the US, Europe and Israel.

Mark’s daughter, Judy has played an integral role in the family business for about 25 years. Her husband Neil Kaye joined the team in the late ‘90s, bringing years of leadership in hospitality. Together, they have developed and managed leading international branded hotels and luxury properties including Marriott, Renaissance, Sheraton and others.

Today, Silverock remains a family business that continues to grow from a solid foundation of proven successes.

Silverock in Israel

While Silverock continues to manage and maintain investments in the US, we are focusing our efforts on selected real estate and hospitality projects in Israel.

The Hasten family and the company have always been ardent supporters of Israel. Through their charitable foundation, they have supported more than 150 educational institutions. The family had the vision to establish Israel’s first cable TV company, which was later sold to a partner, the Israel Corporation. They have also invested in various successful Israeli industrial and engineering companies, which are all still operating today.

Silverock is now focusing on what we know best: real estate development and hospitality. These projects employ hundreds of people, provide homes for families and help build the economy. They deliver quality of life while generating attractive returns.

The most exciting of the currents projects is The Modani, a Luxury Spa Resort on the coast of central Israel. It is located in Havatzelet HaSharon, less than 20 minutes from Caesarea, just north of Netanya.