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Plante Moran Cresa supports religious community through the sale of a property

May 23, 2013 Case Study 1 min read
The Felician Sisters of North America sought to divest themselves of a former convent building in Welland, Ontario, and required an experienced advocate to make the sale successful.

Felician Sisters Image

Careful planning combined with Plante Moran Cresa’s experience and unbiased perspective led to two full price offers within three weeks of placing the property on the market.

The challenge

The Felician Sisters of North America sought to divest themselves of a former convent building in Welland, Ontario. The sisters engaged Plante Moran Cresa (PMC) to initiate and oversee the sale of the property.

The solution

PMC began by identifying and interviewing the most qualified residential real estate brokers in the area. After thoroughly vetting the market knowledge, reputation, reliability, and success history of the finalists, PMC helped the leadership team select a broker.

Then, together with Felician Sisters of North America and the broker, PMC developed a sound marketing strategy. PMC coordinated all of the sellers’ due diligence responsibilities, oversaw the buyers’ due diligence, and located and engaged a qualified local attorney to expeditiously handle the closing, title transfer process, and registration and reporting requirements.

The benefit

Careful planning combined with PMC’s experience and unbiased perspective led to two full price offers within three weeks of placing the property on the market. Throughout the entire transaction, PMC provided oversight, reviewed final documentation for accuracy and amenability, and supported the sisters during the closing.

Pictured: Felician Sisters' motherhouse in Livonia, Michigan.

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