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Aspen Group Limited ( (AU:APZ) ) has provided an update.
Aspen Group Limited has announced the acquisition of a portfolio of small retirement villages from ACH Group, consisting of 19 properties with 129 villas in Adelaide. The acquisition, valued at $19 million, aims to convert retirement village licenses into standard residential leases, enhancing the residential component of the portfolio and aligning with Aspen’s rental targets. This strategic move is expected to yield an initial return of around 6% and is set to be finalized in August 2025, funded through debt.
The most recent analyst rating on (AU:APZ) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.
More about Aspen Group Limited
Aspen Group Limited operates in the real estate industry, focusing on acquiring and managing properties. The company is involved in the residential sector, offering housing solutions and aiming to optimize property use and rental income.
Average Trading Volume: 487,877
Technical Sentiment Signal: Buy
Current Market Cap: A$885.2M
Learn more about APZ stock on TipRanks’ Stock Analysis page.