THE FOUNTAINS ACQUISITION SUMMARY
18 communities; $165M in revenues under management
80% / 20% joint venture with Arcapita
$498M aggregate purchase price
Transaction closed July 1, 2005
- Attractive portfolio of full-service communities
- High per-property revenue = strong management fees
- Pipeline of development opportunities
- Expands CCRC business
- Great cultural fit – resident focused and high quality care
- Leverages existing operational infrastructure
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