CHICAGO — Redwood Capital Investments LLC’s successful bid Wednesday to acquire most of bankrupt Erickson Retirement Communities’ assets did not include the Monarch Landing, Sedgebrook, and Linden Ponds facilities so the fate of their municipal debt now becomes the focus of a new round of negotiations.

The assets of the subsidiaries and not-for-profit entities established in connection with the development of the facilities were not part of Erickson’s October bankruptcy filing.

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