The majors are in the box seat to buy up individual villages as the small, new buyers
have dried up. Paul Moschione, National Director at Colliers feels that discount rates
have softened by 50 to 100 basis points. Like any cycle, buyers dry up. I have heard of
a number of sales that have fallen through since before Christmas. He too thinks its a
good time to be buying. At the same time Peter McMullen of Jones Lang LaSalle says
The market has softened; its a good time to buy in because the cash flows of villages
have not changed and are sustainable for 25-30 years.
Community Living
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
