ERE Healthcare Real Estate Advisors (“ERE”) is pleased to announce the successful sale of 7 high quality facilities leased to the top ophthalmic practice in the entire state of South Carolina, all operating under new long-term leases in the desirable market of Charleston, SC.
ERE was engaged to negotiate leases with the practice’s private equity suitor. After completing the negotiation, securing the leases, and letting the dust settle from the PE transaction, the partners elected to move forward with a real estate sale. Through a targeted marketing process, ERE fielded offers from the most strategic potential buyers, but also those who could execute on a short timeline, closing by year end. Despite multiple detrimental easements, ROFR’s, and other technical complications with the properties, the ERE team successfully transacted the seven target assets at a premium valuation.
The transaction was led by Collin Hart