West Living LLC has acquired McDowell Village, a 197-unit independent living community in Scottsdale, Ariz., and Castle Hill Retirement Village, a 146-unit independent and assisted living community in Thousand Oaks, Calif. for an undisclosed sum.
The all-cash transactions completed in January mark the debut of West Living as a
Developed by Phoenix-based Opus West Corp. in 2006, McDowell Village was initially successful in
Castle Hill Retirement Village features 146 units comprised of 48 units in eight garden-style apartment buildings and 98 assisted living and independent apartments in the main building. The community is situated on a 6.5-acre tree-lined campus in Thousand Oaks, a suburb of
"This acquisition highlights our ability to identify value, close quickly and with certainty, particularly in this period of limited financing,” says Tom Lombardi, director of