April 23, 2024 10:02 pm
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Fortress Investment Group Spends $240,000+ per Unit for Assisted Living Facility

Scottsdale – A company formed by Fortress Investment Group LLC in New York City, N.Y. (NYSE:FIG) paid $24.6 million ($241,176 per unit) to purchase the 102-unit Desert Flower assisted living facility located at 9185 E. Desert Cove in Scottsdale. The seller was Desert Flower LLC, a company formed by BDC Advisors LLC in Portland, Ore. County records show Desert Flower Owner LLC is the name of the entity that took title to the assisted living facility. Fortress Investment Group is a leading global investment manager with roughly $46.4 billion in assets under its management. BDC Advisors is the nation’s leading strategy consulting firm exclusively servicing the healthcare services sector in the U.S. Get more from representatives of Fortress Investment Group at (212) 798-6100. Walter Bowen is the managing member of the BDC Advisors entity that sold Desert Flower . . . call him at (305) 873-8750.

 


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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.