Case Studies

Career Education

Challenge

Due to an intense government regulatory review, Career Education, a for-profit postsecondary higher education provider, chose to move away from their campus locations and focus on their successful online education schools. As a result, they proactively closed a significant number of campuses, including the renowned Le Cordon Bleu. They turned to A&G for assistance in transitioning their complex real estate portfolio.

Approach

After a full evaluation of the real estate portfolio, A&G developed a comprehensive plan and an innovative approach that produced impressive ROIs on lease terminations and assignments.

Results

Career Education realized $50MM+ in lease liability savings and was a major contributor to the turnaround of this publicly traded company. Case in point, when A&G was first engaged, the stock was at about $2 a share. After successfully completing the assignment, the stock grew exponentially to $16 a share, with a market cap of $1.1B.