Following 18 months of development Justin Laboo has formally launched his innovative Catalyst Health REIT with its first client, Queensland’s PresCare, providing $30 million greenfield funding, ownership and 20+ years’ leaseback.
The project is a 140-bed residential aged care facility in Townsville.
Laboo spent seven years with Aveo, five leading the retirement operator, before taking on the CEO role at Affinity Education Group with 170 childcare centres, which he listed on the ASX.
Forming Catalyst Health REIT, he has returned to the retirement and aged care (health) sector.
He tells us he has created a “positive mechanism for change” in the funding of new aged care facilities. He has won the support of Sunsuper and $300 million for REIT greenfield aged care developments.
They can provide “capital light, tailored and flexible solutions” to operators that have land and intent to expand care services without pulling on their balance sheets.
You can contact Justin Laboo at justin.laboo@catalysthealthreit.com.
