Arvida Group to buy villages for $180m with new equity and debt

Mon, 24 Jun 2019

By Rebecca Howard June 25 (BusinessDesk) - Arvida Group is buying a portfolio of villages for $180 million and will fund the purchase through a combination of new equity and debt. The retirement home operator said it has reached a deal to buy Bethlehem Country Club and Bethlehem Shores in Tauranga and the Queenstown Country Club. Completion of the acquisition is expected to occur on July 31, subject to customary closing conditions "The acquisitions align with our strategy to own quality villages of scale. We now look forward to realisi...

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