A Venice retirement center has a new owner.
The Herald-Tribune reports a subsidiary of Fortress Investment Group has bought Venetian Gardens for $21.5. million.
This marks the New York company’s fourth purchase in Southwest Florida in the last year and a half.
The previous owner bought the land a decade ago and built the complex two years later.
Fortress has recently bought an independent living center on DeSoto Road in Sarasota.
Late in 2013, it acquired the Royal Palm Retirement Center in Port Charlotte, and an assisted living center on Jacaranda Boulevard in Venice.