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Eos Estates Winery & Vineyard Real Estate Sold To Southern California Real Estate Tycoon

November 3, 2011 | Filed under Featured Articles | Posted by

Entertainment Properties Trust (NYSE: EPR) has sold the former Eos Estate Winery facility and the accompanying 60-acre vineyard to a newly formed, secretive Limited Liability Corporation (LLC) backed by an Iranian-American immigrant born into poverty who raised himself by his bootstraps and built a sprawling, successful real-estate empire in Southern California.

eos-bldg

EOS  STRUGGLING FOR YEARS

Eos Estate had struggled financially for several years and was acquired by a penny-stock company — The Saint James Company  — in November 2009. Within six months, the winery was taking on water and about to sink. The brand and inventory were sold to wine magnate Bill Foley in November 2010.

The winery and vineyard were repossessed by EPR which had bought and leased them back to Eos Estate. Farm Credit West repossessed the winery equipment, inventory and other business assets along with and several related wine brands. Farm Credit was later sued by EPR which claimed that Farm Credit owed EPR rent.
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Also In This Article: The full text of the following sections is available to subscribers of Wine Executive News.

  • NEW PARTNERSHIP ALREADY CREATING NEW WINERY BRAND
  • A TYCOON OF HUMBLE ORIGINS

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