Retirement Residences REIT, or "Retirement REIT", is a real estate investment trust in Canada that operates seniors housing properties. It used to be publicly traded on the TSX under the symbol RRR.UN and other various symbols. Retirement REIT is the largest provider of accommodation for seniors in Canada, with 223 retirement and long term care facilities, including 40 facilities in United States, with an aggregate resident capacity of over 26,500. In October 2006, PSPIB Destiny Inc., a subsidiary of the Public Sector Pension Investment Board, a crown corporation, offered to purchase all outstanding units of Retirement REITat $8.35. As of 2007, PSPIB Destiny Inc. has purchased all shares. All shares have been since delisted from the TSX.
Name has been changed to "Revera Living".
Revera is a leading North American provider of accommodation, care and services for seniors, built on a 50-year history of enhancing lives with choices in community living, warm hospitality and compassionate care. Meeting the diverse needs of seniors and their families drives our 30,000 dedicated employees.
In January, 2011, Revera completed the acquisition of Comcare, becoming one of Canada’s largest home care providers. With home care branch offices, retirement residences, long-term care homes or skilled nursing facilities in a total of 252 locations, including 40 in the U.S., we offer innovative programs and care options to our valued clients and residents.
No comments:
Post a Comment