Alleged fraudster Christopher Brogdon drops price on Buckhead condo to $5 million
A condo owned by Christopher Brogdon, who is accused of running a fraudulent nursing home, is on the market for a reduced price.
Christopher Brogdon, a restaurateur who allegedly operated a fraudulent nursing home and also owned a Buckhead condo, is now selling it at lowered price.
According to an ad by Dorsey-Alston Realtors, the condo is located in Buckhead’s St. Regis Building and is priced at $5 Million. Patti Junger, the listing agent, is responsible for this condo.
According to Fulton County property records, Christopher Brogdon and Connie Brogdon purchased the condo for $3.9M in 2009.
First Multiple Listing Service reports that the Brogdons listed their St. Regis condo for $5.8M in 2019. The Brogdons relisted the St. Regis condo at prices up to $6 million.
The Securities and Exchange Commission (SEC) filed a complaint in 2015 against Brogdon. They claimed that he had amassed almost $190 million from dozens of municipal bonds and private placements, where investors were supposed to earn interest on revenues generated by nursing homes, assisted living facilities, or retirement communities supported by their investments. Brogdon was accused by the SEC of secretly mixing investor funds, instead of using them to fund the projects described in the disclosure documents. According to the complaint, Brogdon diverted money from investor accounts to fund other business ventures or personal expenses.
According to the listing, Brogdon’s condo for sale, which measures more than 4,600 sq. ft., features extensive mahogany panels, hardwood flooring, 10.5-foot-high ceilings, and a wine display. The kitchen is curved and opens up to the dining room, den, breakfast room and great room. The home has an office and an elevator that opens directly from the four-car garage.
Three bedrooms and four baths are available. The suite for the owner's bedroom includes a sitting area, an antique mirror wall, a stone bath, and two closets.
According to the listing, the Brogdons are open to lease-to-purchase deals for the condo.
The St. Regis consists of a hotel as well as condos. Residents can access the staff, restaurants, pools, spas, gyms, and restaurants of the hotel. They also have access to the plaza connecting the hotel with the Buckhead Village District.