Queenslands Tall Trees has seen selling a steady three ILUs a month at the Redland Bay village they were contracted to manage by the now troubled financier LM, who picked it up as a distressed asset from Peet post the GFC. Tall Trees changed the model from a traditional village to its supported living model. They operate under the Retirement Village Act but delivers low and high care and in under a user pays system. The 39 apartments are sized 60-80 sqm and sell for $415k to $515K. I was completed in August 2011 and has just three ILUs left to sell.
Editorials
Aged care front page of The Australian again
The story on the front page of this morning’s The Australian is bad and good news for the aged care sector. The bad news is that it is confirmation that operators are struggling to be viable, not only financially but operationally. The good news...