Archdiocese sells Yona property for $6.1M to help pay Guam clergy sex abuse survivors

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A purchase offer of $6.1 million for the former Accion Hotel in Yona got court approval Friday.

Sale proceeds are anticipated to go toward compensating some 240 Guam clergy sex abuse survivors, whose total demand for minimum damages exceeds $1 billion.

Closing of the sale is expected within 75 days, attorneys told U.S. District Court Chief Judge Frances Tydingco-Gatewood.

Georgia-based bSide Partners’ offer of $6.1 million topped the revised offer of $5.7 million from Guam-based TF Investment LLC.

bSide Partners, on its website, says it has real estate experience developing, managing and renovating affordable, student and market-rate housing communities.

Dr. Saied Safabakhsh, a nephrologist and owner of dialysis centers on Guam, withdrew his purchase offer of $5.6

... read more at: https://www.guampdn.com/story/news/2019/08/08/guam-catholic-church-sells-property-child-sexual-abuse/1961828001/

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