[[{“value”:”
Kiser Group Facilitates $76M Sale of Sarah Neuman Skilled Nursing Facility Amid Challenging Market
Kiser Group partner Mark Myers successfully closed the $76 million sale of the Sarah Neuman Skilled Nursing Facility (SNF) in Mamaroneck, New York. The 250-bed facility was sold on behalf of a religious nonprofit organization through a complex, multi-buyer negotiation process taking place during a particularly challenging financing environment.
Initially under contract for $84 million, the sale encountered multiple hurdles. The first buyer withdrew from the deal due to rising interest rates, and a second buyer, also facing financing challenges, proposed a reduced offer of $72 million. Ultimately, Myers and the Kiser Group team secured a third buyer, finalizing the transaction at $76 million.
“This transaction demonstrates the complexity and persistence often required in healthcare real estate, particularly for nonprofit sellers navigating regulatory approvals and market challenges,” said Myers. “We were able to identify motivated buyers and achieve a favorable outcome for our client despite significant market and financing hurdles.”
The sale highlights the growing difficulties and evolving strategy required in healthcare real estate transactions, especially in today’s interest rate landscape.
“}]]
