Seniors Communities Get Cash Boost
Reveras deal with Health Care REIT is pushing the seniors accommodation, care, and services provider into expansion mode.The two companies announced that Health Care REIT would pump in $1.35B to share ownership in Reveras 47 retirement residences across Canada, with Revera continuing to oversee management of the properties. (Above is Bradgate Arms, one of its Toronto properties.) Revera'sJanet Kotells us the company is looking to grow internally and through acquisition. I think we are well positioned now to meet changing consumer needs as the population ages, she says.