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Camellia Place
An Atlanta-area AL/MC sought a buyer. MIG found a Texas group, ensuring a profitable exit and a Class A acquisition.
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Overview
A colleague in the senior living and long-term care space reached out to MIG about a deal they were connected with in Woodstock, GA. The sellers had built and sold a few of their communities already and were looking to divest their last remaining asset and enjoy retirement.
Results
MIG was given the opportunity to bring a buyer to the table and eventually moved forward with a newer TX group looking to invest in the senior living space. The deal was cash flowing and the sellers got a good value for their building while the buyer took on a Class A asset in a growing Atlanta suburb.
Conclusion
While many deals require a local expertise to find the right buyer, larger deals have a larger buyer pool. It's worth it for a buyer to travel across state lines for a deal that can make a million dollars compared to one that may make $100k.
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