Remember the ‘Merry Medic’ from TV and radio in the 60s and 70s? Believe it or not, but today in his 90s he runs his own charity, personally funding the portfolio of 1,000-plus affordable housing units.
Now commercial property developer Landsec has made the offer for the Equinox Sun Resort tower where the former doctor’s Medi Aid Centre Foundation owns 37 units.
Dr Knight and his late wife set up the Foundation in 1973 to provide affordable seniors’ housing, and operate over 1,000 units in Sydney and Surfers Paradise.
Medi Aid first became an Equinox owner in 2001 and has bought its apartments at between $110,000 and $400,000 – a potential windfall of $17 million if the offer is accepted.
Any proceeds would be used to boost the number of seniors Medi Aid supports in Surfers Paradise – a welcome outcome.