non-profit listings

Hi-i see a lot of schools listed that have a non-profit status. I poked around the web and AI Research to try to find how that works for ETA buyer universe and don't se anything that makes sense. My understanding is it's very complicated to convert the non-profit to a for-profit with implications for sellers and buyers. Has anyone here successfully bought a non-profit? Why and how did you structure it if you can't take distributions so even after the entity de-levers, you can't take any value out of a non-profit. Thank you, all