LINCOLN – Centex Destination Properties has sold its South Peak development at Loon Mountain to Macfarlan Capital Partners, L.P. a Dallas-based private real estate investment firm.

The announcement, which came without a disclosed price, was made along with the purchase of four other second home communities in Texas and North Carolina. All were being developed by Centex and will now be completed as part of the TerraMesa Resorts brand, a resort development and management company formed by Macfarlan.

The other properties in the Centex deal to McFarlan are The Hollows on Lake Travis and The Waters at Horseshoe Bay Resort on Lake Lyndon B. Johnson, both near Austin, Texas; Pointe West in Galveston, Texas; and Bear Lake Reserve in Tuckasegee, N.C.

Macfarlan previously purchased "V" at Lake Las Vegas in Nevada from Centex and this also becomes a TerraMesa Resorts property.

Most of the ski area at Loon Mountain is part of the White Mountain National Forest, which allowed for an expansion of the trail system to South Peak. It is operated by Boyne, which also has Sunday River and Sugarloaf in Maine in its portfolio.

Land at the base of the Lincoln resort and along the edge of the East Branch of the Pemigewasset River is private and had been being developed by Centex for single family homes and condominiums, some of which are slopeside. The build-out plan calls for a clubhouse and other resort amenities on the private land. Much of the sitework has been done, including roads and utilities.

The purchase includes acquisition of the Centex Hospitality platform, which directs operations in the communities, and now becomes part of TerraMesa Resorts.