Equity Sale instead of Asset Sale
Has anyone ever done an equity sale when selling an investment property?
I would like to sell the entire company that owns an apartment building, to an investor that I know. the advantages to the buyer may include stepping into attractive debt (i would hold a note for the difference unless my bank would give him a second or refi the property to the new value), no reassessment of a property that has appreciated over the past 5 years, no estoppels, no need to contract new utilities, avoid using a realtor, and the company has a strong track record. I may be missing some advantages or overlooking some things that would eliminate the above advantages to him.
Thoughts?