The Manor
Las Vegas, Nevada
Tutera was appointed the receiver for The Manor,
a 225 bed skilled
nursing facility located in Las Vegas, Nevada which
opened in 1999, in conjunction with a legal proceeding filed by Key
Corporate Capital, Inc. (“Key”) seeking to foreclose on the facility based
upon the borrowers’
default on indebtedness owing to Key in excess of
$16,000,000. In
conjunction with its appointment as receiver, Tutera
not only assumed all responsibility for the day to day management of
the facility, but also the marketing and sale negotiations for the purchase
of the facility to a third
party through a foreclosure sale.