Victorian-based Manufactured Home Park operator Lifestyle Communities, with 1,230 homes under development or occupied after just six years of operation, has announced a $6 million net profit after tax. In 2012 they sold approximately $24 million in housing and received $6 million in management income. They also announced a rights issue to raise a further $36.5 million to retire debt and fund expansion. The two Founders and major shareholders, James Kelly and Bruce Carter, are staying in, subscribing as well.
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...