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.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Read more about planned capital improvements and the selection of a daily management firm here.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
We’ve removed the ability to reply as we work to make improvements. Learn more here
