flying - any rumours?, page-6

i noticed in this morning's papers, that ING Property Funds are expected to unload some of their properties.
Their funds seem to be having funding problems.
One of their funds is ING Real Estate Community Living Group (what a mouthful).
This fund has retirement living in Aust and NZ plus assets in Canada and US. It also includes student accomodation assets.
In Aust some retirement villages are managed and some operated in-house.
ING seems to be taking back the mgt rights as those mgt agreements expire. I am sure this will make those assets more attarctive to potential purchasers.
They have 66 Seniors Living properties in Aust.
These comprise 2965 existing units plus 2294 units in the "development pipeline".
Of these, roughly half are rental properties (ie like PTN) and half are Deferred Mgt Fee model.

The point is, that perhaps there is scope here for LLP and/or LLC to expand, or pick-over the properties?

cheers