March 31, 2025.
LONG ISLAND, N.Y. — Fifth Third Securities Real Estate Investment Banking team (“FTS”), served as the exclusive advisor to the Reiffman Group, a family-owned, dedicated-healthcare real estate investment and development firm based in New York, to secure equity and debt for the redevelopment-to-suit of a single-tenant medical outpatient building on Long Island, NY (the “Facility”).
Matthew Tarpley, Michael Fioravanti, and Ravi Patel led the transaction for FTS.
The Facility, which is being redeveloped from its former use as a bank and corporate office, will house a prominent radiology group and act as their 23rd location across Nassau and Suffolk County’s.
The joint-venture equity will be provided by a Nashville-based real estate private equity firm with a demonstrated track record in the healthcare sector, and the financing will be provided by an Oklahoma-based bank.
“FTS was a critical partner in helping us capitalize this project. They connected us with the right financial partners to support the redevelopment of the facility,” said Ross Reiffman, President & CEO of Reiffman Group.
“We have an inherent belief in the success of the redevelopment and therefore were able to effectively communicate the opportunity to prospective partners and lenders, ultimately securing the financing from an Oklahoma-based bank and an equity partner that will be a resource to our client beyond just this transaction” said Michael Fioravanti, Vice President at FTS.
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