Emerald Group Acquires Hospital Portfolio In Borough Park From Daryl Hagler For $296.25M

The asset involved in the transaction is a hospital located in Borough Park, Brooklyn, comprising multiple addresses: 4915 10th Avenue, 170 Buffalo Avenue, 51 Georgia Avenue, and 50 Sheffield Avenue. The total sale price was $296,250,000, with a square footage of 583,592, leading to a price per square foot of $508.

Summary of transaction details:

• Property Type: Hospital
• Transaction Amount: $296,250,000
• Buyer: Emerald Group
• Seller: Daryl Hagler
• Lender: Huntington National Bank
• Financing Amount: $239,900,000
• Notable Deal: $161,500,000 for the Boro Park Center

Daryl Hagler facilitated the sale of three nursing and care facilities in Brooklyn, which are connected to Centers Health Care. Huntington National Bank administered the financing for the transaction.