Challenge: Langdon Hall was an 80-bed assisted living residence in Florida operating at 85% occupancy. The current owners were an investor group who had to foreclose on the facility and hire a team to continue to operate the facility. The owners needed to dispose of this asset in a timely manner.
Strategy: Our approach was to present this opportunity to national and regional operators and REITs with a market price supported by the trailing 12-month financials.
Result: The client received assistance navigating state regulations and applications and experienced a smooth transition from contract to closing.