Assisted living facility sale gets assist from Alston & Bird lawyers

Posted on November 17, 2008 18:05 by Andy Peters
Caruth Haven

Alston & Bird partners Mark Rusche and Alison Jones were the legal advisers to Prudential Real Estate Investors on the $20.5 million sale of an assisted living home in Dallas, according to Rusche.

Prudential sold the Caruth Haven [photo, right] assisted living facility in the Highland Park neighborhood of Dallas to Cornerstone Growth & Income REIT Inc. Caruth Haven is a 75,000-square-foot property with 91 residential units. It’s located near NorthPark Center, the largest shopping center in northern Texas, according to a news release. Foley & Lardner advised Irvine, Calif.-based Cornerstone.


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Andy PetersThe Deal Watch Blog is devoted to bringing you the latest news in business law in Atlanta, the Southeast and the U.S. The lead writer is Daily Report staff reporter Andy Peters.

Andy Peters has been a journalist since graduating from Furman University in 1992. A short list of the subjects he’s covered includes the Georgia state Legislature, the U.S. semiconductor industry, the Alabama-Florida-Georgia “water wars” litigation, the 1999 American Airlines pilots strike, Coca-Cola and PepsiCo’s battle to acquire the Gatorade sports-drink brand, indie rock music and high school football. Andy has written for Bloomberg News, the New York Times Web site, the Macon Telegraph, the Spartanburg (S.C.) Herald-Journal and the Atlanta Business Chronicle.

Andy has written the Deal Watch column for the Daily Report since March 2006. He was born in Chattanooga, Tenn. in 1971 and grew up in Ringgold, Ga. He lives in Decatur with his wife and two children.

He can be reached at andy.peters@incisivemedia.com.

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