SSGA Closes Real Estate Sale in Connecticut

December 17th, 2015 | Posted in Closings, Daycare Real Estate & Other Education Business Closing Announcements

12/4/2015 –  SSGA is pleased to announce the sale of two childcare buildings occupied by a multi-site operator located in the Greater Hartford Connecticut market.  This quality operator has experienced a fast growth track over the last few years and is in a market with multiple attractive new opportunities.  Wanting to take advantage of these opportunities and preserve working capital for future growth, the operator engaged the team at SSGA to bring in real estate buyers to purchase one existing location, using those proceeds for future development.  In addition, the seller developed an opportunity to purchase the business and real estate of a small competitor, and sought funding for the real estate portion of that transaction.

When the client approached SSGA to assist with this complex, multi-party transaction, we were able to secure an individual investor as well as a Real Estate Investment Trust as buyers, both interested in investing in the very-attractive educational industry.  These buyers were able to support a streamlined process with a quick closing.

For more information or to learn more about how SSGA can support your buying or selling needs, please contact a member of the SSGA team at info@ssgadvisors.com.

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