Prime Trust has reduced its long-term debt from $411 million to $270 million. It has also lifted its sales of the ILU's to 60 in the four months to October, which translates to an annualized rollover rate of 5% [up from 4.5% last year] but a long way from the target of 8%
The Weekly SOURCE
The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting
The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...