Lincoln Educational Services subsidiary agrees to buy Melrose Park campus property for $18.8M

LINCOLN EDUCATIONAL SERVICES CORP

Purchase price of $18.8M for property at 8315-8317 W. North Ave, Melrose Park, IL.
Lincoln Technical Institute currently leases the property; purchase converts lease to ownership.
Closing anticipated on June 25, 2026; subject to due diligence and customary conditions.
Deposit of $250,000 required within five days after effective date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LINCOLN EDUCATIONAL SERVICES CORP entered into Purchase and Sale Agreement with Melrose Omni, LLC valued at $18,800,000.00 (effective 2026-05-12).

Action: entry
Agreement: asset purchase
Counterparty: Melrose Omni, LLC
Value: $18,800,000.00
Effective: 2026-05-12

Exact text from the filing

On May 12, 2026, Lincoln Technical Institute, Inc. (“Lincoln Technical Institute”), a wholly-owned subsidiary of Lincoln Educational Services Corporation, entered into a purchase and sale agreement (the “Purchase and Sale Agreement”) with Melrose Omni, LLC, an Illinois limited liability company (the “Seller”), pursuant to which the Seller has agreed to sell to Lincoln Technical Institute the real property owned by the Seller located at 8315-8317 W. North Avenue, Melrose Park, IL 60160, including the building and improvements and other personal property located thereon (the “Property”), for a purchase price of $18,800,000.00 as adjusted in accordance with the terms of the Purchase and Sale Agreement.

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Source: SEC EDGAR

accession 0001140361-26-021084

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