AmDev(NEWS)
WED 09.16.202630-YR 6.76%10-YR 5.000.03HOMEBUILDERS UNCHNewsletter

Gorgon Deerfield FHE Pays $38M for Deerfield Beach Health Campus

The county deed record backs the trade-press number exactly, and names the buyer's lender and the seller's CEO along the way.

Edited by Stephanie Cook · How we report
$38.0MCombined deed consideration
3Warranty deeds recorded same day
25 yrsFHE Health leaseback term
$9.57MBuyer's same-day mortgage

Gorgon Deerfield FHE LLC closed on the FHE Health treatment campus in Deerfield Beach for $38 million, and Broward County’s own deed index backs that number to the penny. Three warranty deeds recorded September 14, 2026 carry a combined consideration of exactly $38,000,000.00, the same figure The Real Deal reported for the sale-leaseback.

Why it matters

Trade-press deal prices usually come from the participants, not the courthouse, so a number that matches the recorded consideration exactly is worth flagging for developers watching how healthcare real estate is trading in South Florida. The deed record also does something the release did not: it names the seller behind the biggest piece of the price. Deerfield Florida House Inc, grantor on the $27.7 million deed, lists Sherief Abu-Moustafa, FHE Health’s CEO, as its director, president and CEO in state corporate records. The buyer’s own filing separately confirms the Bowery Properties tie, listing Daniel Neary as registered agent and Bowery FHE LLC as a member of Gorgon Deerfield FHE LLC.

The numbers

Three separate warranty deeds moved on the same day: Dorado LLC conveyed the 505 South Federal Highway parcel for $2,238,821.67 (instrument 121095031), Best Friends LLC conveyed 475 South Federal Highway for $8,035,770.65 (instrument 121095032), and Deerfield Florida House Inc conveyed its larger holding, centered on 500-504 South Federal Highway, for $27,725,407.68 (instrument 121095033). Those three figures add up to $38,000,000.00 exactly. Broward’s Property Appraiser lists the 500-504 parcel alone at 99,928 square feet of land and 33,763 square feet of building, with the 475 and 505 addresses adding roughly 47,000 more square feet of land between them, consistent with the 6.1-acre, 97,900-square-foot campus reported across all the addresses. A same-day mortgage, instrument 121095042, shows Gorgon Deerfield FHE LLC borrowing $9,567,853.81 from Antarctica Real Estate Partners LLC.

What’s next

The deed for 535 South Federal Highway, held separately by Colecastello Investment LLC, does not appear among the September 14 recordings naming Gorgon Deerfield FHE LLC as grantee, so it is worth confirming with the parties whether that parcel is inside or outside the reported assemblage. FHE Health’s 25-year leaseback keeps the operator in place, which matters for South Florida developers tracking how much healthcare real estate is converting to landlord-operator splits rather than owner-occupied deals.

Sources

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