Daniel Neary And Thomas Neary Of Bowery Properties Acquire Deerfield Beach Healthcare Facility For $38M

The healthcare asset involved in the transaction is a mental health treatment facility located at 475, 500, 505, 515, 530 South Federal Highway & 809 Southeast 5th Court in Deerfield Beach, FL. The property spans 6.1 acres and encompasses a total square footage of 97,895. The sale price for the property was set at $38,000,000, resulting in a price per square foot (PPSF) of $388.

Summary of transaction details:

• Property Type: Healthcare
• Transaction Amount: $38,000,000
• Buyer: Daniel Neary & Thomas Neary - Bowery Properties
• Seller: Sherief Abu-Moustafa - FHE Health
• Lender: Antarctica Real Estate Partners
• Leaseback Terms: 25 years with two five-year extension options
• Managed by: Gorgon Deerfield FHE LLC

The deal involved Daniel Neary and Thomas Neary, who represented Bowery Properties in acquiring the Deerfield Florida House from Sherief Abu-Moustafa of FHE Health. Following the transaction, the seller will lease the property back and continue its operations at the facility.