How a Summer Camp Empire Raised $200M — Then Imploded Months Later

A summer camp empire that owns roughly 30 camps across the U.S. raised nearly $200 million from Israeli bondholders—and then spiraled into bankruptcy just months later. Reporter Keith Larsen joins Deconstruct to unpack one of the strangest real estate-adjacent stories of the year, including a controversial $34 million transfer, aggressive lenders, and what happens next for camp operators, investors and families. Plus, Hannah Kramer and Lilah Burke discuss how wellness culture is transforming real estate, from Hamptons luxury homes packed with saunas and cold plunges to the rapid expansion of luxury gyms and wellness-focused retail. They also break down RXR's effort to sell Manhattan's iconic Helmsley Building, a major brokerage shakeup involving Christie's International Real Estate affiliates, and the closely watched manslaughter trial of Miami broker George Pino.