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Lument Securities Arranges $140M Sale of Four Long-Term Healthcare Communities in West Virginia
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Lument Securities Arranges $140M Sale of Four Long-Term Healthcare Communities in West Virginia
NEW YORK CITY — Lument Securities has arranged the $140 million sale of four long-term healthcare communities in West Virginia. Marx Development Group (MDG) purchased the 511-bed portfolio and has selected its subsidiary, Majestic Care, to operate the communities. Laca Wong-Hammond of Lument Securities represented the seller, the State of West Virginia, in the transaction. The properties include Hopemont Hospital in Terra Alta, Jackie Withrow Ho…
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