Rogue River, Grants Pass retirement centers sold

Retirement centers in Rogue River and Grants Pass are among 45 Sunwest Management Inc. of Salem has sold as the company attempts to restructure its debt.

Morrow Heights on Wards Creek Road in Rogue River and The Suites on Southeast Parkdale Drive in Grants Pass are now part of LaVida Communities system run by Senior Resource Group of Solana Beach, Calif.

Most of the sold properties had been financed by GE Healthcare Finance, which moved to foreclose on some of its Sunwest properties in July. The sale was part of an agreement with GE, which entered a forbearance agreement on additional properties it continues to hold.

The sale leaves Sunwest with about 200 properties, including 13 in bankruptcy, around the United States. Sunwest also said its chief executive, Jon Harder, has resigned. Harder filed personal bankruptcy on Dec. 31.

— Greg Stiles

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