HINGE Closes Several Transactions in Georgia and Texas Markets
On June 13th, 2014, Hinge was pleased to lead the sale-leaseback transactions of two child care centers’ real estate assets in the Augusta and Atlanta markets. The sellers were individuals who owned the real estate and enjoyed a long-term lease with a national educational tenant but wanted to move their investment into other areas. The individual investor recognized the value of the sites and their tenant and values the education industry as a stable investment and was pleased to expand his real estate holdings into the industry.
Also on June 13th, 2014, Hinge was pleased to lead the business and related real estate sale of a child care center in the Houston, TX market. The seller was a national organization seeking to exit a local demographic market where they believed a more local provider was a better fit for the current family base. The buyer was a local multi-site provider wanting to expand in their home territory and found the facility and geographic location to be a great fit with their current cluster of schools.