Darryl L. Steinhause loves a challenge. So he was especially excited about his biggest and thorniest project of 2010: getting tapped by the chief restructuring officer in the massive Sunwest Management Co. bankruptcy to help structure the $1.3 billion sale of 150 of the enterprise's senior-living communities to an affiliate of Blackstone Real Estate Advisors VI LP, Emeritus Senior Living, and Columbia Pacific Advisors.
Steinhause's task was to design...
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