After Year of Bankruptcy Woes, Dallas Community Edgemere Changes Hands, Management

Nearly one year after Lifespace Communities filed for Chapter 11 bankruptcy, ownership and management of its Edgemere community has changed hands. Bay 9 Holdings, an affiliate of Lapis Advisers, is set to buy Edgemere and task operator Long Hill at Edgemere, a wholly-owned subsidiary of United Methodist Homes, with managing the community. Shelton, Connecticut-based Long […]