ASX-listed Lifestyle Communities has launched a $275 million raising that will support its growth into land lease residential estates, the latest vote of confidence for the emerging form of affordable housing.
Land lease communities are typically aimed at budget retirees and those seeking affordable housing. Under the model, residents buy a prefabricated home from the estate operator then pay a ground rent for their site.
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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
