Maximizing A Portfolio Sale Through Multiple Transactions
SIP Broker(s): Anthony Ciafardoni and Stuart Frankel
Seller: Large institution with ownership of a portfolio of 8 Rite Aid properties; 3 located in the NY metro area, and 5 located across the United States. The seller was motivated to divest this portfolio of assets that were not part of their core position.
Transaction: To maximize sales price per property, SIP sold the 3 NY Rite Aid stores in 3 separate transactions to 3 different buyers. Although they were separate transactions, SIP coordinated them simultaneously. The additional 5 Rite Aid stores were sold to a family investment fund.