In the dynamic landscape of healthcare real estate and philanthropic endeavors, Naftali Zanziper emerges as a transformative figure, wielding considerable influence through his strategic investments and charitable contributions. As a critical principal in 980 Investments and co-founder of the Naftali and Natalie Zanziper Foundation, Zanziper’s impact resonates across multiple states and communities, redefining the intersection of business acumen and social responsibility.
980 Investments, under Naftali Zanziper and his partner Simcha Hyman, has established itself as a powerhouse in the healthcare sector. The company’s portfolio is impressive, encompassing over 200 facilities and over 22,500 beds spread across at least 13 states. This expansive network managed through 16 distinct management companies, underscores the scale and complexity of its operations.
A recent acquisition in Monticello, Kentucky, exemplifies 980 Investments’ strategic growth approach. The deal, involving a 59-bed licensed facility, was executed through a stock purchase of a third-party LLC. This maneuver demonstrates the company’s agility in capitalizing on market opportunities and expanding its footprint in the healthcare real estate domain.
What sets Zanziper and Hyman apart is the breadth of their operations and the substantial financial backing propelling their ventures. With a combined net worth of $1.45 billion, assets totaling $3.42 billion, and liquidity of $81.9 million, the duo possesses the financial muscle to make significant moves in the market. This robust financial foundation enables them to pursue ambitious projects and navigate market fluctuations with unwavering confidence.
The Monticello acquisition, financed with a $3,678,887 loan, showcases the company’s astute approach to leveraging assets. The loan-to-value ratio of 65% based on the “as is” value and an even more conservative 53.7% based on the “as stabilized” value indicates a calculated investment strategy with significant upside potential.
Beyond business, Naftali Zanziper’s influence extends into philanthropy through the Naftali and Natalie Zanziper Foundation. Established in Brooklyn, NY, and granted tax-exempt status in July 2021, the foundation has swiftly become a significant force in charitable giving.
The foundation’s financial activities reflect a robust commitment to community causes. In 2023, it reported revenue of $2.12 million and expenses of $2.02 million, indicating a high level of philanthropic engagement. Over recent years, the foundation has funded two grants totaling an impressive $3,304,909, demonstrating a substantial dedication to supporting various initiatives.
What’s particularly noteworthy is the foundation’s approach to financial management. With total assets of $99.1 thousand and zero liabilities as of 2023, the Zanziper Foundation maintains a lean and efficient operation. This structure allows for maximizing the impact of every dollar donated, with giving often exceeding the foundation’s asset base. Such an approach suggests a model of active philanthropy where funds are swiftly deployed to causes rather than accumulated.
The Zanziper Foundation’s geographic focus appears to be primarily in Brooklyn, with both reported grants directed to recipients in the area. This local emphasis allows for a more direct and visible impact on the community, reflecting a commitment to giving back to the area where the foundation is rooted.
As trustees of the foundation, Naftali and Natalie Zanziper actively steer its charitable activities. Their hands-on approach ensures that the foundation’s giving aligns closely with their values and vision for community support.
In the broader context of 980 Investments’ operations, the company’s management arm, ClearView Healthcare, stands out as a well-established entity. With 33 facilities and over 3,400 beds under management in Tennessee and Kentucky, ClearView Healthcare exemplifies the operational expertise within the 980 Investments family.
As seen in the Monticello acquisition, the financial structure of 980 Investments’ deals demonstrates a savvy approach to real estate investment. The use of floating interest rates tied to SOFR and options for fixed rates shows flexibility in financial planning. Including interest-only periods followed by amortization schedules reflects a nuanced understanding of cash flow management in healthcare real estate.
In conclusion, Naftali Zanziper is multifaceted in today’s business and philanthropic landscape. His success in healthcare investment through 980 Investments is complemented by his commitment to charitable giving via the Zanziper Foundation. This dual focus on business acumen and social responsibility positions Zanziper as a model for modern entrepreneurs who seek to balance profitable ventures with meaningful community impact. As 980 Investments and the Zanziper Foundation expand their reach, their influence on the healthcare sector and charitable giving is poised to grow, further solidifying Naftali Zanziper’s legacy as an innovative business leader and committed philanthropist.