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Prime Trust Turning the Corner
Nov 19 2009
1 min read
The Weekly Source

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%

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Retirement and Community Living

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

Ian Horswill
23 hours ago
The Weekly SOURCE

SATURDAY is your water cooler talking point: Odyssey’s new direction

When Odyssey Lifestyle Care Communities began planning its $150 million Chevron Island project, it leaned on trusted tier-one contractors. For its future pipeline, the operator is taking a new path. CEO Aaron Lavell talks exclusively to SATURDAY...

Ian Horswill
15 Sep 2025
The Weekly SOURCE

Brookfield offloads Aveo, targets US$10B American seniors housing giant

Fresh from selling Aveo for $3.85 billion, Brookfield Asset Management is looking to spend more than US$10 billion (A$15 billion) acquiring Yes! Communities, a major US manufactured home operator owned by Singapore’s sovereign wealth fund GIC.

Ian Horswill
15 Sep 2025
The Weekly SOURCE

Stockland’s Halcyon brand emerges as runaway land lease leader

When Tarun Gupta took over as Stockland CEO in July 2021, he staked his name on land lease communities with a bold $620 million acquisition of Queensland’s Halcyon Group. The move trumped rival offers from Ingenia Communities and Serenitas – and cemented Stockland’s ambition to dominate “the fastest growing lifestyle segment – the Over 50s market.”

Ian Horswill
15 Sep 2025