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Magnolia,  Millbrae

Magnolia, Millbrae

Magnolia of Millbrae is an upscale 180 unit assisted living facility that was originally financed and developed with the proceeds of the sale of tax-exempt bonds. The project was managed initially by CareMatrix, Inc. The Principal of Spirit and his prior law firm served as bond counsel for the Bondholders, handling all due diligence matters and represented the Developer in regulatory compliance and negotiating the management contract with the Manager.