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Illinois AL/MC Referral
MIG sourced a buyer for a struggling AL/MC near St. Louis, enabling a fast exit and future reuse.
Overview
MIG facilitated the sale of a 60+ unit AL/MC community located in Southern Illinois just outside of St. Louis. The property, built around 2010, had been losing money under its current ownership due to operational challenges. We referred a buyer to a larger shop that was engaged to divest the asset.
Results
The buyer’s ability to act fast allowed them to complete the purchase within a short timeframe after our referral. The transaction enabled the current owner to exit a money-losing asset, while the buyer took ownership of the property with plans to convert to a different use.
Conclusion
The sale of this AL/MC community near St. Louis demonstrates the value of our buyer network in connecting struggling properties with capable buyers in the Illinois market. The buyer’s speed and market expertise ensured a smooth closing, providing a fresh start for the facility. We’ll continue to leverage our relationships to support similar deals in the region.
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