Reiffman Group Expands Healthcare Portfolio with Sale-Leaseback and Redevelopment of Radiology Facility

Ross Reiffman
Apr 8
2 min read

Reiffman Group Expands Healthcare Portfolio with Sale-Leaseback and Redevelopment of Radiology Facility

Firm Advances $100 Million Healthcare Real Estate Initiative Across New York Metro Area

FOR IMMEDIATE RELEASE

Huntington, NY – 4/6/2025 – Reiffman Group announced today the completion of a strategic sale-leaseback transaction and the commencement of redevelopment at 99 Smithtown Bypass, Hauppauge, NY. The 20,000-square-foot property, formerly a commercial bank, will undergo transformation into an advanced diagnostic imaging center, secured by a 15-year net lease with corporate guarantees from Zwanger-Pesiri Radiology, a leading diagnostic imaging provider. This project marks a significant addition to Reiffman Group’s growing healthcare real estate portfolio, as the firm remains on track to deploy over $100 million in capital throughout the healthcare real estate sector within the next 24-36 months.

Fifth Third Securities Real Estate Investment Banking team (“FTS”), led by Matthew Tarpley, Michael Fioravanti, and Ravi Patel, served as the exclusive advisor to the Reiffman Group.

The transaction involved navigating complex entitlement processes, including obtaining several medical-use zoning approvals, optimizing site planning, and transferring two Transfer of Development Rights (TDR) credits to comply with Suffolk County's density regulations for medical facilities.

Upon completion, the facility will feature state-of-the-art MRI, CT, and mammography equipment, along with specialized women’s imaging suites designed to enhance clinical efficiency and improve patient experience.

"This transaction showcases our capability to successfully execute complex medical conversions, delivering institutional-quality assets for premier healthcare operators," stated Ross Reiffman, President & CEO of Reiffman Group. "Our partnership with Zwanger-Pesiri Radiology exemplifies our commitment to creating purpose-built healthcare facilities that elevate clinical operations for tenants and address the rising demand for accessible outpatient medical services."

Founded in 2023 by Ross Reiffman in collaboration with Mitchell Reiffman of ROCA Management, Reiffman Group specializes in healthcare-focused real estate investment and development across the New York metropolitan area. The firm’s integrated platform provides comprehensive real estate solutions, including sale-leaseback transactions, build-to-suit developments, and strategic outpatient medical acquisitions.

Reiffman Group continues to actively pursue strategic acquisition and development opportunities alongside leading healthcare providers. For inquiries regarding partnership opportunities, please contact:

Media Contact: Lexie Reiffman pr@reiffmangroup.com 516-673-1760

About Reiffman Group

Reiffman Group is a privately held institutional owner, operator, and developer of healthcare real estate. The firms vertically integrated platform excels in managing complex entitlements, strategic acquisitions, developments, and ongoing operations to deliver high-performing, institutional-quality medical facilities. Reiffman Group partners closely with leading healthcare providers to improve patient experience and enhance clinical and operational efficiencies across the Northeast.

Website: https://www.reiffmangroup.com/