Case Study
ENGINEERING + ENVIRONMENTAL STUDIES

Holiday Retirement Prepares for Large Sale of Assets

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Engagement

EMG was engaged by Holiday Retirement to provide Property Condition Assessments and Phase I Environmental Site Assessments in preparation for a sale of the assets. The turnaround time of 3 and 4 weeks was met despite the size and geographic dispersion of the properties.

Result

Our integrated and scalable operational processes and technologies, as well as our national team of subject matter experts and project managers, made EMG uniquely qualified to complete the engagement with a high degree of accuracy. The reports, which were given to the client within 15 and 20 business days of signing the contract, provided the information and insight necessary for our client to make informed decisions about these assets. If any issues were identified at the properties, EMG was able to work with the client to resolve those issues in order to satisfy the purchaser and the purchaser’s lender.

 

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EMG Client

Holiday Retirement (Primary - Owner)

Newcastle Investment Corp. (Related Party - Purchaser)

Asset Type

Senior Living / Healthcare

Services Provided

  • Property Condition Assessments
  • Phase I Environmental Site Assessments

Size & Location

115 sites in 38 states

Timing

3 weeks for PCAs
4 weeks for Phase Is