LAS VEGAS-Interwest Capital Corporation has invested $150 million in the senior housing portfolio known as Destinations Living. The investment was made across eight properties throughout Las Vegas, in partnership with Angelo, Gordon & Co.
The eight Destinations properties represent Interwest's most recent multifamily acquisition in its diverse, and growing, commercial real estate portfolio. For Interwest, this buy capped an active year, including investments in hotels, multifamily and student housing.
This acquisition occurred in two separate transactions in December and January. Closing the transaction in an abbreviated timeframe highlights Interwest's ability to expeditiously complete complex acquisitions.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
