Just a few weeks into his role as CEO of ING Real Estate Community Living Group (REIT), Simon Owen has negotiated an extension of short-term banking facilities due to expire 22 December, giving him time to finalize the sale of the Meridian and Regency portfolios with the goal of a new three-year facility. Given a 72% debt load, this is an achievement.


RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
