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La Jolla Firm Purchases Senior Housing Communities for $75M

Courtesy photo of Destinations at Alexander.
Courtesy photo of Destinations at Alexander.

Interwest Capital Corp., a La Jolla-based private equity firm, purchase four Las Vegas senior housing communities—branded as "Destination Living."

The San Diego Business Journal reported that company officials said the $75 million transaction closed earlier this month. It included 990 units at Destinations at Alexander, Destinations at Pueblo, Destinations at Sandhill and Destinations at Winterhaven.

The SDBJ also reported that in December, the company closed on the purchase of four other communities in the portfolio, with a total of 1,113 units, also for $75 million. 

Read more about planned capital improvements and the selection of a daily management firm here.

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