The CEO of the Devonport-based Not For Profit (pictured left) has made it his goal to save failing residential aged care homes, in Tasmania and on the mainland. Retirement villages have materialised as a bonus.
The business now owns and operates 25 residential aged care homes and has acquired 11 retirement villages with those homes. With this positive experience, he has now built and opened Reed Estate, in Prospect Vale on the southwestern side of Launceston, which has been hugely successful.
"For us it has always been residential aged care but the retirement villages we acquired was by accident, they were on each (aged care ) site,” Jason said.
He has now employed Andrew Glover (pictured right), as Chief of Retirement Living. Vastly experienced Andrew was Catholic Healthcare's General Manager - Retirement Living, which has 12 villages, and before that Regional Operations Manager for RetireAustralia.
"We are looking at where we go with it. Retirement living or land lease, perhaps a mixture,” Jason said.
Andrew said, "Jason now sees it is low risk and high profit; he gave me 12 months to sort everything out. I think it will done in six months and then we can look at what to do next."
Andrew said village occupancy is now 94% on average, up from 80%, and demand is such that there is only time for a quick refurbishment before someone else moves in. The rental villages are full.
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