Representative Work

Representative Work: Lead Counsel on Complex $315M Senior Housing and 1031 Tax-Deferred Exchange Transaction

We served as lead counsel on sale and acquisition transactions totaling $315 million for a client operating assisted living, memory care and independent care campuses in Washington, Oregon and California.  These complex transactions involved sales to a publicly-traded REIT and acquisition of 11 single-tenant, triple net lease properties, and required expertise concerning licensed senior housing facilities and 1031 tax-deferred exchanges.  The triple net lease replacement properties were medical, industrial and retail properties located in Texas, South Carolina, Virginia, Colorado, Illinois and Arizona.  This was a high-level, complex transaction because of the relationship between the health care sales and the tax-deferred exchange acquisitions. 

Attorneys associated with this case

Aaron J. Besen

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