UH Carolina Realty Holdings LLC et al v. Appalachian/Brian Estates, Inc et al
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January 26, 2024
$298M Contract Row Can't Stay In Federal Court, Sellers Say
The sellers of a $257 million portfolio of 17 North and South Carolina skilled nursing and assisted living facilities urged a North Carolina federal court to dismiss the portfolio buyers' suit over a deal that had a total value of more than $298 million, arguing on Friday that the asset purchase agreement for the soured deal has a forum selection clause that forces them to litigate in North Carolina state court.
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December 20, 2023
Nursing Facility Buyers Sue To Force 'Upset' Seller To Close
The buyers of a portfolio of 17 skilled nursing facilities in North Carolina and South Carolina sued in federal court Wednesday to force a closing after the seller became "upset" at a change in the nearly $300 million transaction and stopped negotiating.