Kiser Group partner Mark Myers facilitated the sale of the Sarah Neuman Skilled Nursing Facility (SNF) in Mamaroneck, NY, for $76 million on behalf of a religious nonprofit organization. The 250-bed facility was acquired after a complex, multi-buyer negotiation process in a challenging financing environment, according to Kiser Group.
The property was initially under contract for $84 million. However, rising interest rates caused the first buyer to withdraw. A second buyer also faced financing challenges and lowered the offer to $72 million. Myers and the Kiser Group team successfully negotiated with a third buyer, securing a final sale price of $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.”
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