Real Estate Law Section

The section monitors, studies and proposes statutory developments in property law and keeps its membership updated by sending periodic e-newsletters. It also produces annual CLE programming for real estate lawyers and others.

Chair
CloseTrak
5860 Ridgeway Center Parkway Suite 101
Memphis, TN 38120
Twitter: jkirk01
Facebook: jkirk01
(901)333-1360
Immediate Past Chair
Webb Sanders PLLC
125 W Hester Rd
Cottontown, TN 37048
(615)581-0804
Vice-Chair
Stites & Harbison, PLLC
401 Commerce Street, Suite 800
Nashville, TN 37219
(615)782-2294
Staff Coordinator
Tennessee Bar Association
221 4th Avenue N. Suite 400
Nashville, TN 37219
(615)383-7421

Judge Tosses Suit Over Zillow ‘Zestimates’

A federal judge has dismissed a lawsuit that claims the real estate website Zillow engages in deceptive business practices by using its “Zestimates” of property values as a marketing tool, the ABA Journal reports. The class action suit filed in Illinois on behalf of state property owners claimed Zillow draws home sellers to its website by posting home value information without permission in effort to connect sellers with real estate agents who pay for Zillow advertising. The judge however found that any marketing purpose behind the Zestimate tool doesn’t qualify under the Illinois deceptive practices law.
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Investment Trust to Buy HCR ManorCare Real Estate

Welltower Inc, a real estate investment trust, is purchasing the real estate of recently bankrupt nursing home giant HCR ManorCare for $2.7 billion, Reuters reports. Welltower will team up with non-profit hospital operator, ProMedica, which purchased ManorCare’s operations for $1.3 billion, to create a 30-state health care system. The partnership plans to capitalize on the trend of more health care taking place outside of hospitals.

If the U.S. Bankruptcy Court approves the deal, the merger stands to boost the group into the 25 largest U.S. health systems by revenue alongside names like Mayo Clinic, Geisinger and Johns Hopkins. ManorCare, which was the second-largest U.S. nursing home operator, filed for Chapter 11 protection in March, with $7.1 billion of debt, as part of a prearranged deal to transfer ownership to its landlord Quality Care Properties Inc.

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