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 […]