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Stewards Real Estate terminates $20M Hawthorne property acquisition after dispute over $1M earnest-money deposit
SWRDStewards, Inc.
Stewards Real Estate LLC terminated its Purchase and Sale Agreement to acquire The Hawthorne property in Chatham, Massachusetts, for $20 million. A dispute over the $1 million earnest-money deposit led to litigation, resolved by a confidential settlement on September 17, 2026. Under the agreement, Swenson Co., Inc. receives $100,000 from the escrow agent, while Stewards Real Estate recovers $900,000. The lawsuit is dismissed with prejudice within three business days of fund distribution, and each party bears its own legal fees. Neither side admits liability. Stewards, Inc. operates in the real estate investment industry.