Housing Recovery to Drive Regional Independent Living Upswing

The senior living sector is experiencing a boom on the heels of the housing downturn and recovery, with assisted living and memory care leading the charge. While independent living isn’t expected to meet the pace of its counterparts, it’s still expected to gain ground. Last year’s sales of portions  of the Holiday Retirement portfolio and the […]

Investors Buy Foreclosed Vegas Senior Housing Portfolio for $150 Million

Interwest Capital Corporation along with Angelo, Gordon & Co. recently purchased a Las Vegas senior housing portfolio out of foreclosure in an approximately $150 million transaction.  The 2,113-unit Destination Living portfolio includes eight senior communities, among them the 344-unit Destinations at Valley View, the 416-unit Destinations at Pebble, the 271-unit Destinations at Spring Valley, and […]