A federal housing agency is close to selling a group of nursing homes it took over 18 months ago after the biggest default in the history of a government mortgage insurance program that provides critical support to the nursing home industry. The Department of Housing and Urban Development recently reached an agreement with Greystone, a New York real estate finance firm, for the chain of Chicago-area elder care facilities, according to documents obtained through a Freedom of Information Act request.
Read the full article: New Owner Is Selected After $146M Nursing Home Collapse //
Source: https://www.nytimes.com/2020/01/06/business/nursing-homes-hud-rosewood.html