Mar. 4, 2026
Jury hits private equity, REIT owners with $110M verdict in assisted living death
A Sacramento jury found Formation Capital and Colony Capital liable for neglect and wrongful death after a 100-year-old Alzheimer's resident wandered out of a facility they controlled and died in near-freezing temperatures.
A Sacramento County jury on Tuesday awarded $110 million in compensatory and punitive damages to the family of a 100-year-old Alzheimer's patient who died after wandering outside her assisted living facility in near-freezing temperatures, finding that the private equity and real estate firms overseeing the facility put profit over resident safety.
Jurors found Formation Capital, the facility's asset manager, and Colony Capital, its beneficial owner, liable for neglect and ...
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