While it is making just $500,000 net profit a year from managing or owning about 30 rental villages, Eureka Group has announced to the Stock Exchange that it is doing due diligence on investing in EPIC Property Limited, an investment Property Fund with $65M und management. Eureka Group is the remnant of the rental village groups Village Life and SunnyCove that succumbed to massive debt while trying to build a 70+ portfolio pre GFC. It now has about 30 rental villages under management. Eureka states its strategy is to somehow add its villages to EPIC's 22 mainly commercial properties worth $65M to enhance its asset base.
Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care
For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...