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Editorial Results (free)

1. Nursing Home Owner Files $13 Million Loan -

3549 Norriswood Ave.
Memphis, TN 38111

Loan Amount: $13 million

Loan Date: July 13, 2012

2. Nursing Home Owner Files $13M Loan -

The owner of the Highlands of Memphis senior nursing facility at 3549 Norriswood Ave. near the University of Memphis has filed a $13 million loan on the property.

3. Commercial Real Estate Takes a Beating -

Commercial real estate suffered a sharp decline in May, with sales falling dramatically from the same month a year ago and the previous month.

Shelby County saw just 35 commercial sales in May, marking a 49 percent dropoff from 69 sales in May 2008 and a 35 percent dropoff from 54 sales in April, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

4. Georgia Co. Buys U of M-Area Senior Nursing Facility -

3549 Norriswood Ave.
Memphis, TN 38111
Sale Amount: $7.3 Million

Sale Date: May 11, 2009
Buyer: FC Highlands LLC
Seller: Wesley Highland Nursing Homes Inc.
Loan Amount: $9.4 million
Loan Date: May 11, 2009
Maturity Date: N/A
Lender: First Bank

5. U of M-Area Nursing Facility Sells for $7.3 Million -

The Wesley Highland Manor senior nursing facility at 3549 Norriswood Ave. near the University of Memphis has sold for $7.3 million to FC Highlands LLC, a single-purpose entity related to Alpharetta, Ga.-based Formation Capital. The sale closed May 11; the seller was Wesley Highland Nursing Homes Inc.