NEW YORK CITY-The collapse of Sunwest Management Inc. last yearhas attracted many investors to purchase Sunwest's properties. Apartnership between Blackstone Group and Emeritus Corp. is expectedto close a $1.3-billion deal for 140 properties in Southwest thisweek.
Marcus & Millichap Real Estate Investment Services Inc. hasalready sold 11 properties, which were not part of the deal.Jeffrey Levine and investor John Berry have joined hands topurchase Sunwest Alzheimer's and assisted-living facility nearPhoenix. For the full story, go to Wall Street Journal.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
