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Lincoln Educational (LINC) to acquire Melrose Park, IL campus property for $18.8M

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Lincoln Educational Services Corporation, through its wholly owned subsidiary Lincoln Technical Institute, agreed to buy the Melrose Park, Illinois campus property it currently leases. The real estate at 8315-8317 W. North Avenue will be purchased from Melrose Omni, LLC for $18,800,000.00, subject to adjustments under the purchase and sale agreement.

The agreement includes customary representations, warranties, covenants and closing conditions, such as due diligence on the property’s condition, title and legal compliance. The parties anticipate closing the transaction on June 25, 2026, which would convert a leased campus location into an owned facility.

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Insights

Lincoln is converting a leased campus into owned real estate via an $18.8M purchase.

The company’s subsidiary, Lincoln Technical Institute, plans to acquire the Melrose Park campus property it currently leases for $18,800,000.00. Owning a core campus can provide long-term control over the facility and remove landlord risk.

The agreement is described as having customary representations, warranties, covenants and conditions, including due diligence on condition, title and legal compliance. Closing is anticipated on June 25, 2026. Actual impact will depend on final purchase adjustments, financing terms and how ownership compares economically to the prior lease structure.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Purchase price $18,800,000.00 Real property at 8315-8317 W. North Avenue, Melrose Park, IL
Anticipated closing date June 25, 2026 Expected closing for Melrose Park property acquisition
Agreement date May 12, 2026 Date of purchase and sale agreement execution
Exhibit 10.1 Purchase and Sale Agreement Filed as exhibit detailing the property transaction
purchase and sale agreement financial
"entered into a purchase and sale agreement (the “Purchase and Sale Agreement”) with Melrose Omni, LLC"
A purchase and sale agreement is a legally binding contract that spells out exactly what is being bought or sold, the price, who must do what, the timeline, and any conditions that must be met before the deal closes — like a detailed recipe and checklist for a transaction. Investors care because this document determines when ownership or assets change hands, what risks or obligations remain, and which conditions (financing, approvals, inspections) could delay, alter, or void the deal and therefore affect a company’s value and stock price.
representations, warranties, covenants and conditions financial
"contains customary representations, warranties, covenants and conditions to closing for agreements of this type"
due diligence examinations financial
"including, without limitation, due diligence examinations, reviews and inspections of the Property’s condition"
compliance with applicable law regulatory
"reviews and inspections of the Property’s condition, title and compliance with applicable law"

FAQ

What property is Lincoln Educational Services (LINC) buying in Melrose Park?
Lincoln’s subsidiary agreed to buy the real estate at 8315-8317 W. North Avenue, Melrose Park, Illinois, including the building, improvements and related personal property, which currently houses its Melrose Park campus under a lease from the same seller.

How much is Lincoln Educational Services (LINC) paying for the Melrose Park campus?
Lincoln Technical Institute agreed to purchase the Melrose Park property for a base price of $18,800,000.00. The filing notes this amount will be adjusted in accordance with terms in the purchase and sale agreement between the buyer and Melrose Omni, LLC.

When is the planned closing date for Lincoln Educational’s Melrose Park property purchase?
The parties anticipate closing the purchase of the Melrose Park property on June 25, 2026. This timing is stated in the purchase and sale agreement, which also includes customary conditions such as due diligence and verification of title and legal compliance.

Who is selling the Melrose Park campus property to Lincoln Educational (LINC)?
The seller is Melrose Omni, LLC, an Illinois limited liability company. Lincoln Technical Institute currently leases the property from this seller and decided to buy it when the opportunity arose, according to the disclosed purchase and sale agreement terms.

What conditions must be satisfied before Lincoln Educational’s property purchase closes?
The purchase and sale agreement includes customary representations, warranties, covenants and closing conditions. These cover due diligence examinations, reviews and inspections of the property’s physical condition, title status and compliance with applicable law before the June 25, 2026 target closing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): May 12, 2026

LINCOLN EDUCATIONAL SERVICES CORPORATION
(Exact Name of Registrant as Specified in Charter)

New Jersey
000-51371
57-1150621
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)

14 Sylvan Way, Suite A, Parsippany, NJ 07054
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (973) 736-9340

Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading
Symbol(s)
Name of each exchange on which
registered
Common Stock No Par Value
 LINC The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934  (§240.12b-2 of this chapter).

Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 
Item 1.01.
Entry into a Material Definitive Agreement.
 
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. Lincoln Technical Institute currently leases the Property from the Seller from which it operates its Melrose Park campus and determined to purchase the Property as the opportunity presented itself. The Purchase and Sale Agreement contains customary representations, warranties, covenants and conditions to closing for agreements of this type including, without limitation, due diligence examinations, reviews and inspections of the Property’s condition, title and compliance with applicable law.  Pursuant to the Purchase and Sale Agreement, the parties anticipate closing on the purchase on June 25, 2026.
 
The foregoing description of the Purchase and Sale Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase and Sale Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.
 
Item 9.01.
Financial Statements and Exhibits.
 
(d)
Exhibits:
 
Exhibit
Description
   
10.1
Purchase and Sale Agreement, dated as of May 12, 2026, between Lincoln Technical Institute, Inc., as Buyer, and Melrose Omni, LLC, as Seller.


104
Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated:  May 13, 2026

LINCOLN EDUCATIONAL SERVICES CORPORATION

 

By:
/s/ Brian K. Meyers
  

Name:
Brian K. Meyers

Title:
Executive Vice President, Chief Financial
Officer and Treasurer


Source: View Original Filing on SEC EDGAR

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