New Zealand: Arvida to buy NZ$180m portfolio

Retirement home operator Arvida is to acquire a portfolio of three retirement villages with a mixture of equity and debt for NZ$180m (US$119.5m). The purchase of Bethlehem Country Club, Bethlehem Shores and Queenstown Country Club will add 326 independent living units to Arvida’s existing portfolio of 3,677 units and beds. The acquisitions add NZ$15.8m of…

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