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Significant growth sector: what Brookfield’s $1.45B refinancing of Aveo signals

The renewed interest in the retirement living sector is evident with new banks willing to front up hundreds of millions of dollars in the refinancing of Brookfield for its senior living business, Aveo Group. This is unlikely to be the end of the story. When the Canadian investment giant paid $1.27 billion for 100% of Aveo Group in April 2019, the business was on its knees.

Four years later Aveo,...

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