re: Ann: Ingenia Acquires Further Rental Vill... Yep, another good purchase. They are really cleaning up from the portfolios in receivership.
They must be in a period of near-exponential growth at the moment. The returns generated are being re-invested into new acquisitions with IRRs of 10-20%, and none of it is funded by debt.
They are making hay while the sun shines with all these distressed assets.
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Ann: Ingenia Acquires Further Rental Village in N, page-5
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