Master Lease Termination:
Commercial Realty successfully negotiated the termination of a longterm master lease with APLA Health to deliver the building free of encumbrances.
Competitive Bidding Strategy:
carefully executed marketing and bidding strategy generated multiple offers, ultimately securing an all-cash buyer.
Complex Affordable Housing Compliance:
The transaction required navigating California’s right of first refusal (ROFR) process, involving over 1,000 qualified affordable housing providers.
Extended Escrow with Escalating Vacancy:
The 1.5-year escrow period saw the property’s vacancy increase from two units to four, further highlighting the complexity and patience required to close this deal.
Release of Government Restrictions:
Maher Commercial coordinated the release and termination of existing affordability covenants and loans from both the City of Los Angeles and the State of California.
All-Cash Buyer Secured: Maher Commercial secured an all-cash buyer who remained patient and committed while all title, lease, and affordability challenges were resolved.
