The owner of The Covenant at South Hills is once again in negotiations with a potential buyer for the continuing care facility in Mt. Lebanon.
Last spring, the B’nai B’rith-sponsored facility, which has been plagued by financial difficulties for years, terminated an agreement to sell Covenant at South Hills to Canyon Creek, the development arm of Sunwest Management, Inc. At the time, B’nai B’rith said that it would instead pursue a consensual restructuring of its debt with its lenders, and would remain involved as the sponsor of the continuing care retirement community.
Why the owner of Covenant is again talking to a potential buyer is not clear, and B’nai B’rith officials would not comment on its motives.
The Covenant at South Hills is non-sectarian, but about 50 percent of its residents are Jewish. It opened in 2002, and has 126 independent living units, an assisted living component and a skilled nursing facility.
B’nai B’rith would not disclose the name of the potential buyer, nor would it reveal any other details of the proposed transaction.
“There has been an expression of interest from a particular party,” said Deborah Auerbach-Deutsch, vice president of communications for B’nai B’rith International, “but no offers have been made and we’re not in the position to talk about it further.”
Representatives from the Covenant’s active Residents’ Council could not be reached for comment.
(Toby Tabachnick can be reached at email@example.com.)