Three real estate development groups purchased the Round Hill Square Shopping Center, which is home to South Lake Tahoe, Calif.-based Barton Health Lake Tahoe Surgery Center, Tahoe Daily Tribune reports.
Here's what you should know:
1. The shopping center is 96.8 percent occupied.
2. It was listed for $32.35 million but sold for $28 million.
3. Real estate groups Round Hill SC, Davidson Retail I and Davidson Retail II split ownership. Davidson Retail II is the majority owner with a 44 percent stake.
4. The center's tenants are not expected to change.