Friday, May 7, 2010

CLW Represents Royal Senior Care in $27M Transaction


TAMPA, FL (April 30, 2010)…CLW Health Care Services Group is pleased to have represented Royal Senior Care (RSC) in a joint venture transaction valued at $27 million. RSC, a subsidiary of Gazit-Globe, will take Cornerstone Healthcare Plus REIT, Inc. as an 80% partner in two of its Assisted Living properties in South Carolina with a total of 180 units.

 RSC will retain a 20% ownership stake and will continue managing the properties.

CLW Health Care Services Group is a division of CLW Real Estate Services Group, a national, commercial real estate fi rm providing investment sales, multi-market tenant representation, project management, and construction services throughout the United States.

 CLW Health Care Services Group specializes in exclusively representing sellers throughout the United States in the sale of

Senior Housing properties. CLW has sold $1.3 billion in Senior Housing assets.

Contact: Allen McMurtry (top right photo)  813.349.8349 amcmurtry@clwrg.com
http://www.clwhcsg.com/

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