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Summer Camps Auctioned for $368M | Real Estate News
Summer camps are booming in real estate — a bankrupt company that owned 30 camps sold them for $368 million, proving their massive value despite corporate chaos. The Shabsel brothers’ financial troubles stemmed from overleveraged properties, not the camps themselves. Buyers include camp operators, private equity firms, and even a Jewish Community Center, showing strong demand. Israeli bondholders and even high-interest lenders may get paid back. A final hearing is set for August 10th, with a few camps still pending due to legal issues — proof that summer camp magic still commands serious…
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