Company news: Aveo
Aveo has acquired Freedom, which owns and operates 15 retirement villages on Australia's east coast and Tasmania. It has 1,004 units, with an additional development pipeline of 533 units. It uses the DMF model (consistent with Aveo), and provides care services to residents (which Aveo is increasingly doing). The acquisition is expected to be materially accretive in FY-17 and beyond.