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Garner Chamber Member Sells Corporate Housing Provider Virtually

Garner Chamber Member Firm VR Business Brokers Is Honored To Announce Another Transaction.  Due to the COVID19 pandemic, more than two dozen meetings over six months were held virtually to reduce viral risk, and the parties were only physically introduced at the closing table.
 

The most recent business VR Business Brokers helped a Triangle Business Owner sell was a Short Term Housing Provider which offered residential property renters and corporations seeking residences for employees opportunities to secure housing for 3-12 months.

 

As a retirement sale, this deal closed one chapter of an entrepreneur’s life and allowed him and his wife to spend more time with the grandchildren, while it opened a new chapter for a busy real estate agent to add a new business vertical to his real estate brokerage. This deal included confidential marketing, buyer screening/sourcing, complex deal structure negotiations, and the assignment over more than a dozen leases. 

Special thanks to the law offices of John B. Finch and Peter Hanna at Hopler, Wilms, & Hanna PLLC for legal services.
 
Congratulations to both successful entrepreneurs for this important and complicated transaction.
 
 

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