When the owner of this independent living community passed away, his estate hired a chief restructuring officer (CRO) to assist it in managing a pre-bankruptcy situation.
25900 Euclid Avenue
Privately Owned Real Estate Euclid, OH
Sale Price: $5,250,000

Business Challenge
The sale of this property was particularly challenging due to its location in an economically challenged area just outside of downtown Cleveland. Specifically, the primary market area was lower income and could not support the higher rents that could be achieved in other suburbs of Cleveland. Additionally, some anticipated regulatory changes relating to fire suppression requirements threatened to add substantial cost for any new owner.
Solution
Results
Ultimately, the best buyer for this asset was one that owned a similar facility nearby. Despite the regulatory changes that threatened to squash the sale to this buyer in the eleventh hour, the AW team worked diligently to keep the transaction on track. The AW team successfully negotiated a sale price that was more than sufficient for the estate to satisfy its creditors and the transaction closed in time for the estate to avoid filing for bankruptcy.
- CLIENT TESTIMONIAL
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed eget risus porta, tincidunt turpis at, interdum tortor. Suspendisse potenti. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Fusce ante tellus, convallis non consectetur sed, pharetra nec ex. Aliquam et tortor nisi. Duis mollis diam nec elit volutpat suscipit.