Well over $1 billion has been written off as values as falling sales and poor sentiment has taken a toll on what had been a boom market sector. There are encouraging signals, however with indication the worst is over with sales rates beginning to improve and new equity coming into the industry.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
