ERE was engaged by the physician partners to restructure existing leases with their private equity sponsor, the second largest physician-owned dermatology roll-up in the country, in anticipation of a real estate sale. With a focus on EBITDA predictability, the ERE Team led negotiations with the practice’s private equity partner, creating a win-win solution that incentivized an early lease extension.
Having optimized the lease structure, ERE conducted a competitive bid process to identify the most aggressive buyer. The sale produced favorable results for the physician partners, breaking the price record for medical properties sold in Lindale, TX, and ultimately reducing the partners’ exposure to their private equity sponsor.
The transaction was led by Collin Hart and Marc Flynn.