Mainstreet Property Group, one of the country’s largest developers of seniors housing properties, has announced their HealthLease REIT fund having acquired some 13 senior housing and care properties located in North Carolina, Pennsylvania and Virginia for $141.7 million.
In hospitality property news from the UK, KSL Capital Partners has announced their acquisition of Malmaison and Hotel du Vin. According to the news the Denver private equity firm extends their growth in the hotels sector, while the investment will help Malmaison broaden their brand as well. CEO of Malmaison, Gary Davis, offered this comment on the [...]
News from the UK tells of three former Cumbrian estate agents having admitted to defrauding clients of more than £250,000. Facing prison time for their actions, the husband and wide team of Gloucestershire admitted to the judge in the case charging clients for qualified surveyors when in fact the couple performed work themselves. The trio [...]
There are iconic properties put on the market every day, but not too often do we see surf paradises, and especially not popular party hangouts go on the block. News today from Australia’s Gold Coast foretells of someone soon owning a bit if “down under” revelry. The former Surfers Rowers Hotel at Bundall fell into receivership and has been put up for distressed sale evidently.