The Atlanta Journal-Constitution

DEALS INCLUDED IN COURT ORDER

- Sources: Securities and Exchange Commission v. Christophe­r Freeman Brogdon; bond documents; other court documents; disciplina­ry proceeding of the Financial Industry Regulatory Authority

Christophe­r Brogdon raised money to buy or renovate nursing homes, assisted living and retirement communitie­s through bond offerings approved by local government authoritie­s in several states. Brokers sold the bonds to investors with promises of relatively high interest payments that would not be taxed. Brogdon also secured financing through other high-return securities marketed to investors. But the Securities and Exchange Commission said Brogdon deceived investors, comingling money that was supposed to be dedicated to specific projects and diverting funds to other business ventures and to family accounts. Now, he is under a court order to pay investors the interest and principal owed in 13 bond deals and six private placement offerings:

■ 1992: Bonds for Liberty Manor and Midway nursing home authorized by Liberty County Industrial Authority.

■ 1997: Bonds for Summers Landing Vidalia assisted living by Toombs County Developmen­t Authority.

■ 2000: Bonds for Hartley Woods Healthcare Center nursing home in Macon authorized by Developmen­t Authority of Bibb County.

■ 2002: Bonds for Pine Lawn Manor nursing home and Red Hills Healthcare Center nursing home in Illinois authorized by City of Sumner, Illinois.

■ 2010: Promissory notes for Summers Landing Tilly Mill, a personal care home in Georgia by Tilly Mill Assisted Living.

■ 2010 Certificat­es of Participat­ion to acquire Richland Pines assisted living and independen­t living, Columbia, S.C., by Polo Road Assisted Living.

■ 2010: Bonds for an assisted living facility in Alabama by Medical Clinic Board of City of Montgomery.

■ 2011: Certificat­es of Participat­ion for retirement community in Highlands, N.C., by Chestnut Independen­t Living & Highlands Assisted Living.

■ 2011: Certificat­es of Participat­ion issued to acquire five nursing homes in Oklahoma by Oklahoma Operating LLC.

■ 2011: Certificat­es of Participat­ion in Bonds for senior townhome developmen­t by Chelsea Investment­s.

■ Sept. 2012: Bonds for

Gordon Oaks independen­t living facility by Medical Clinic Board of City of Mobile.

■ Nov. 2012: Additional bonds for Gordon Oaks by Medical Clinic Board of City of Mobile.

■ 2013: Certificat­es of Participat­ion in bonds for Bayberry Trace in Jonesboro and Shadowmoss to Shawnee Rose Care Center exchange by Chelsea Investment­s.

■ 2013: Bonds for a Cochran nursing home by Bleckley-Cochran Developmen­t Authority.

■ 2013: Certificat­es of Participat­ion by Arcadia Partners for senior townhome developmen­t.

■ 2013: Bonds for Byromville nursing home by Crisp-Dooly Joint Developmen­t Authority.

■ 2013: Membership interests in McCloud Nursing Center, Harrah Nursing Center and Meeker Nursing Center in Oklahoma by Harrah, McCloud and Meeker Property Holdings.

■ 2013: Bonds for Gordon Oaks Nursing Home by Medical Clinic Board of City of Mobile.

■ 2013: Bonds for Providence of Thomaston Health and Rehabilita­tion Center by ThomastonU­pson Co. Industrial Developmen­t Authority.

 ?? REALTOR.COM ?? Among other assets, Atlanta businessma­n Christophe­r Brogdon owns this beach house on St. Simons Island. A website shows the six-bedroom home listed for more than $2.2 million. A court order includes a list of assets to be sold to help pay off debts in the case, but the Brogdons are obligated to use personal assets, too, if needed.
REALTOR.COM Among other assets, Atlanta businessma­n Christophe­r Brogdon owns this beach house on St. Simons Island. A website shows the six-bedroom home listed for more than $2.2 million. A court order includes a list of assets to be sold to help pay off debts in the case, but the Brogdons are obligated to use personal assets, too, if needed.
 ?? HYOSUB SHIN / HSHIN@AJC.COM ?? Christophe­r and Connie Brogdon own a $5 million residence near the top of the St. Regis, one of Buckhead’s most elite addresses. The couple’s costs include $22,000 in monthly mortgage payments and other costs for the home.
HYOSUB SHIN / HSHIN@AJC.COM Christophe­r and Connie Brogdon own a $5 million residence near the top of the St. Regis, one of Buckhead’s most elite addresses. The couple’s costs include $22,000 in monthly mortgage payments and other costs for the home.
 ?? HYOSUB SHIN / HSHIN@AJC.COM ?? Christophe­r Brogdon owns a condo at St. Regis Hotel & Residences Atlanta in Buckhead, but he is under pressure to sell it to help pay investors deceived in deals involving senior care facilities.
HYOSUB SHIN / HSHIN@AJC.COM Christophe­r Brogdon owns a condo at St. Regis Hotel & Residences Atlanta in Buckhead, but he is under pressure to sell it to help pay investors deceived in deals involving senior care facilities.
 ??  ?? Christophe­r Brogdon is a national player in the nursing home and assisted living industry, as well as being an owner of the J. Christophe­r’s restaurant chain.
Christophe­r Brogdon is a national player in the nursing home and assisted living industry, as well as being an owner of the J. Christophe­r’s restaurant chain.

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