Blank Rome Represents Alleghany Properties in Sale of Entitled Land for Development as a Healthcare Facility
Blank Rome LLP represented Alleghany Properties LLC (“Alleghany Properties”), a subsidiary of Alleghany Corporation (NYSE: Y), in connection with its sale of 6.23 acres of entitled land in the North Natomas Area of the City of Sacramento to Kennor Holdings Sacramento LLC, for development of a “Vibra Healthcare” inpatient rehabilitation hospital, long term care hospital or skilled nursing facility.
Headquartered in Sacramento, California, Alleghany Properties owns over 300 acres of property in various land use categories ranging from multi-family residential to commercial. Alleghany Properties also makes investments in California low income housing tax credit limited liability companies.
The transaction closed on April 27, 2018.