LINCOLN EDUCATIONAL SERVICES CORP 8-K

What Happened

• Lincoln Educational Services Corporation (through its subsidiary Lincoln Technical Institute, Inc.) announced on May 12, 2026 that it entered into a Purchase and Sale Agreement to buy the real property at 8315–8317 W. North Avenue, Melrose Park, IL 60160 from Melrose Omni, LLC.
• The purchase price is $18,800,000 (subject to adjustment under the agreement). Lincoln Technical Institute currently leases this property and operates its Melrose Park campus there. The parties anticipate closing on June 25, 2026, subject to customary conditions and due diligence.

Key Details

• Buyer: Lincoln Technical Institute, Inc., a wholly owned subsidiary of Lincoln Educational Services Corporation (LINC).
• Seller: Melrose Omni, LLC (Illinois LLC).
• Property: 8315–8317 W. North Avenue, Melrose Park, IL — building, improvements and related personal property.
• Purchase price: $18,800,000.00, as adjusted by the Purchase and Sale Agreement.
• Agreement date: May 12, 2026; anticipated closing date: June 25, 2026. Sale is subject to due diligence, title review and other customary conditions.

Why It Matters

• This is an acquisition of a facility the company already operates under lease, so ownership could reduce future lease risk and give the company control over a campus it uses to deliver programs.
• The $18.8M transaction represents a capital deployment that may affect the company’s cash position or financing needs once closed; the transaction is not final until closing and completion of due diligence and conditions.