Affordable accommodation landlord Aspen Group has booked a modest $533,000 statutory profit in the 2017 first half as it restructures its business after selling most of its assets under management.
The change in focus away from funds management has left Aspen with no debt and a cash kitty of $37 million to rebuild its portfolio.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
