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Simad Sells Camp Achim for $7M | Real Estate News
Simad Holdings, the summer camp empire, is cashing in on its assets to tackle a $344 million debt crisis — starting with the $7 million sale of Camp Achim in the Catskills to its current manager, Joseph Wilner, who paid more than the December appraisal. The move signals a strategic shift to sell smaller properties first, while larger camps like Mohawk and Camp Lokanda draw interest from a consortium of nine operators. With massive obligations to Israeli bondholders and merchant cash advance firms, this restructuring is a high-stakes gamble to avoid total collapse. Listen in comfort:Get a…
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