23 Shabsels’ camps sell at auction, many for well over their asking price

23 Shabsels’ camps sell at auction, many for well over their asking priceTraditionally, the majority of American summer camps have run as community nonprofits with a small number of family-owned for-profit camps. This is especially true in the Jewish world, where more than 345 nonprofit camps fall under Foundation for Jewish Camp’s umbrella. But in 2006, New York–based real estate investors Michael and David Shabsels began snapping up camps, amassing a portfolio of more than 30 overnight and day camps, some charging more than $17,000 per season to attend. Discovery CEO David Zaslav’s Grandview Ventures being outbid for Mohawk Day Camp. Camps are not big money makers, Greenfield said, and many of the Shabsels’ camps had been running in deficit.