Hurtuk Helps Cerulean Take On Senior Living Center

Law360, New York (October 28, 2011, 5:58 PM EDT) -- Cerulean Partners LLC, a venture capital-backed real estate investor, and an affiliate of The Inland Real Estate Group of Cos. Inc. acquired a senior living center outside St. Louis in which Cerulean plans to invest $1.15 million, the companies said Friday.

Cerulean and the Inland Real Estate unit bought The Atrium of Belleville from Brookdale Senior Living Inc., and Cerulean will seek to improve the the facility through investment, the firms said in a statement without providing the amount of the purchase.

“When you combine the demographics...
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