Naftali Zanziper is a prominent figure in healthcare investment and charitable giving, wielding significant influence through his business acumen and philanthropic endeavors. As a critical player in 980 Investments and co-founder of the Naftali and Natalie Zanziper Foundation, Zanziper’s impact resonates across multiple states and communities.
980 Investments, co-owned by Naftali Zanziper and Simcha Hyman, has established itself as a powerhouse in the healthcare sector. The company’s portfolio is impressive, encompassing over 200 facilities and 22 spread across at least 13 states. This expansive network is managed through 16 distinct management companies, highlighting the scale and complexity of their 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 sector.
What sets Zanziper and Hyman apart is the breadth of their operations and the substantial financial backing behind 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 financial prowess allows them to pursue ambitious projects and navigate market fluctuations confidently.
The Monticello acquisition, financed with a $3,678,887 loan, showcases the company’s strategic 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 his business ventures, 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 quickly become a significant force in charitable giving.
The foundation’s financial activities reflect a robust commitment to charitable causes. In 2023, it reported revenue of $2.12 million and expenses of $2.02 million, indicating a high level of philanthropic activity. Over the past few years, the foundation has funded two grants totaling an impressive $3,304,909, demonstrating a substantial dedication to supporting various causes.
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 based.
As trustees of the foundation, Naftali and Natalie Zanziper actively guide 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 emerges as a multifaceted figure in today’s business and philanthropic landscape. His success in healthcare investment through 980 Investments is matched 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 grow, their influence on the healthcare sector and charitable giving will likely expand, further solidifying Naftali Zanziper’s legacy as a visionary business leader and philanthropist.