Few names stand out as prominently in healthcare facility investments as Naftali Zanziper. As co-owner of 980 Investments alongside Simcha Hyman, Zanziper has built an impressive portfolio that spans multiple states and encompasses a wide range of healthcare services.
980 Investments, under the leadership of Zanziper and Hyman, has grown to own over 200 facilities with more than 22,500 beds across 13+ states. This expansive network is supported by 16 management companies, showcasing the duo’s ability to acquire properties and effectively manage and operate them at scale.
The company’s latest venture involves the acquisition of a 59-bed licensed facility in Monticello, Kentucky. This property, built in 1977 and expanded in subsequent years, is set to be purchased through a unique transaction structure. A third-party LLC will initially acquire the property, after which 980 Investments will complete a stock purchase of that entity. This strategic approach demonstrates the company’s flexibility and innovative thinking in expanding its portfolio.
ClearView Healthcare, a member of the 980 Investments family, will operate the newly acquired facility. ClearView Healthcare brings valuable regional expertise with a track record of managing 33 facilities and over 3,400 beds in Tennessee and Kentucky.
The financial details of the Monticello acquisition provide insight into 980 Investments’ approach to growth. The loan amount of $3,678,887 represents a 65% loan-to-value ratio based on the property’s “as is” valuation and an even more conservative 53.7% based on its “as stabilized” value. This prudent financial strategy aligns with the company’s long-term vision for sustainable growth.
What sets Naftali Zanziper and his partner apart is their operations’ scale and financial strength. Together, they boast a combined net worth of $1.45 billion, with $81.9 million in liquidity and total assets of $3.42 billion. This robust financial backing provides 980 Investments with significant leverage in pursuing new opportunities and weathering potential market fluctuations.
The company’s approach to property management is hands-on and comprehensive. They focus on realizing the growth potential of all their acquisitions, providing dedicated counsel and ongoing support to navigate strategic challenges. This includes hiring industry leaders to manage projects, investing resources to improve operations, and committing to facility upgrades and professional development at all levels.
Zanziper’s influence extends beyond just property acquisition. The Portopiccolo Group, a family office based in Englewood Cliffs, New Jersey, lists him as its President. This connection suggests a broader involvement in strategic investments across various sectors, though healthcare remains a primary focus.
As 980 Investments continues to expand its footprint in the healthcare sector, Naftali Zanziper’s role as a key decision-maker and visionary becomes increasingly significant. His ability to identify valuable properties, structure complex deals, and oversee effective management strategies has positioned the company as an essential player in the industry.
The Monticello, Kentucky acquisition is just one example of the company’s ongoing growth strategy. With each new property, 980 Investments further solidifies its position as a healthcare facility ownership and management leader, driven by the expertise and vision of leaders like Naftali Zanziper.
As the healthcare landscape continues to evolve, Zanziper and 980 Investments appear well-positioned to capitalize on emerging opportunities, leveraging their financial strength, operational expertise, and strategic vision to drive continued growth and success in the years to come.