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 […]

Investor Group Makes Senior Housing Entry With Distressed Vegas Deal

Cerulean Partners, LLC recently announced the $4.25 million acquisition of a 116-unit independent living community in Las Vegas, Nev. in a joint venture with Real Estate Special Opportunity Portfolio and Real Estate Portfolio Management, both California-based investment funds. The total deal cost was $5.2 million including cap-ex dollars and closing fees.  Destinations at Eastern was […]