60 Bed MO SNF

60-bed MO SNF sold swiftly via lease-purchase agreement.

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60 Bed MO SNF
Date
Mar 2024
State
Missouri
Agent
Andrew Montgomery
Acuity
SNF

Overview

A large SNF owner/operator engaged MIG to source a lease to purchase agreement with prospective tenants/buyers. The deal was smaller for them and a bit of an outlier for their footprint. While they are still actively growing in the state, they were looking to offload this asset and quickly.

Results

MIG was able to execute on a lease to purchase deal structure a year or two back, but in the end, worked with another buyer who executed on the purchase option that was negotiated in the prior lease to purchase agreement. No lease payments were missed throughout the process.

Conclusion

MIG was able to capitalize on their strong local Missouri relationships to bring in another local MO buyer to the table that, in the end, was able to execute on the negotiated purchase option price.

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