Latest / Real Estate News Today | 2 Min News | The Daily News Now!
Summer Camps Auctioned But Legacy Lives On | Real Estate News
A half-billion-dollar summer camp empire, Simad, hit the auction block in bankruptcy court—selling 30 properties to repay debts, sparking an emotional battle to save beloved camps like Camp Lavi. Parents and alumni flooded the judge with nearly 200 letters and a Change.org petition of over 4,500 signatures pleading to keep the legacy alive. While the court had to follow legal rules and sell to the highest bidder, the emotional weight of community and tradition couldn’t be ignored. Still, the restructuring team pulled off a near-perfect deal, netting $448 million from 27 camps—close to the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.