A financial institution became the owner of a failed nursing home in the process of closing its doors. The new owner needed assistance closing the property safely, preparing it for sale, and maintaining it during the sale period.

The institutional owner turned to Athenian, its trusted provider. Athenian secured the property, properly disposed of medical waste, inventoried remaining furniture and equipment, then winterized and cleaned the property in preparation for sale. It put vendors in place to provide landscaping services, snow removal, and HVAC maintenance to properly maintain the property.

The property was offered for sale via a national brokerage firm, which did not result in sale in over 3 years.  Athenian then brought in an affiliated broker who successfully sold the property at its full value within 5 months.