A notable development in the healthcare facility investment sector has emerged as 980 Investments, under the leadership of Naftali Zanziper and Simcha Hyman, announces its latest strategic acquisition. The target property, a 59-bed licensed healthcare facility in Monticello, Kentucky, represents another calculated addition to their expanding portfolio of healthcare properties.
The facility, which traces its origins to 1977 when the Hicks Family first developed it, underwent significant expansions in both 1985 and 1993. Situated at 1901 Kentucky Highway 90, this property acquisition exemplifies the sophisticated investment approach that has become a hallmark of 980 Investments’ growth strategy.
The transaction structure reveals the innovative methodologies employed by Zanziper and his team. Initially, a third-party LLC will acquire the property, followed by 980 Investments executing a strategic stock purchase of the entity. This approach demonstrates the company’s refined methods in healthcare facility acquisition and management.
Under the guidance of Naftali Zanziper and his business partner, 980 Investments has established an impressive presence in the healthcare sector, overseeing more than 200 facilities and 22,500 beds across 13+ states. Their operational framework encompasses 16 management companies, highlighting their comprehensive approach to healthcare facility administration. This particular transaction marks their fifth collaboration with Northland Networks, emphasizing the strength of their institutional relationships.
The financial architecture of this acquisition reflects both prudence and strategic vision. With a loan amount of $3,678,887, the deal maintains a conservative loan-to-value ratio of 65% based on the current valuation of $5,660,000. This ratio improves to 53.7% when considering the stabilized value projection of $6,850,000. The financing structure includes a floating monthly interest rate of 1-Month SOFR + 2.75% (8.08% as of June 3rd), featuring a five-year maturity period and an initial 12-month interest-only phase.
The financial underpinning of this venture is particularly noteworthy. As personal guarantors, Zanziper and Hyman bring exceptional financial strength to the table, with a combined net worth of $1.45 billion, liquid assets totaling $81.9 million, and aggregate assets of $3.42 billion. These substantial figures underscore the robust foundation supporting their healthcare investment initiatives.
ClearView Healthcare, a key member of the 980 Investments family, will assume operational management responsibilities. Their extensive experience in managing 33 facilities and over 3,400 beds across Tennessee and Kentucky positions them ideally to optimize the facility’s performance and ensure high-quality care delivery.
The participation of Northland Networks, Inc., a subsidiary of First National of Nebraska, adds another layer of institutional credibility to this venture. This partnership facilitates connections between developers, lenders, and investors across thirty states, creating diverse opportunities for community bankers and healthcare investors alike.
The establishment of Monticello KY Propco LLC as the borrowing entity exemplifies the sophisticated approach to healthcare facility acquisition that has become synonymous with Zanziper’s investment strategy. This methodology has enabled 980 Investments to build and maintain a substantial presence in the healthcare sector while ensuring operational excellence across their facilities.
The continued expansion of 980 Investments under Zanziper’s co-leadership represents a significant development in the healthcare investment landscape. Their ability to combine strategic acquisition practices with professional management expertise has created a model that benefits both investors and healthcare service recipients.
As the healthcare sector continues to evolve, this latest acquisition by 980 Investments demonstrates their commitment to strategic growth while maintaining sound investment principles. The combination of strong financial backing, experienced management, and strategic partnership with established financial institutions positions this venture for success.
Looking ahead, the proven track record of Zanziper and 980 Investments in managing and growing healthcare facilities suggests that this latest addition will enhance their portfolio while contributing to the advancement of healthcare services in Kentucky. Their continued expansion and success in managing an extensive network of healthcare facilities underscores the effectiveness of their investment and operational strategies in meeting the growing demands of the healthcare sector.
