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ACTS Retirement Life Communities
ACTS Retirement-Life Communities Signs Land Purchase Agreement on 48-Acre Site in Matthews, North Carolina
July 4th, 2008
ACTS Retirement-Life Communities has signed a purchase agreement on a 48-acre land parcel located near the intersection of Fullwood Lane and South Trade Street in Matthews, North Carolina. ACTS plans to add approximately 350 independent living apartments and single family homes with additional numbers of assisted living and skilled care suites. The expansion is designed to complement an existing ACTS community adjacent to the property, Plantation Estates, which is home to approximately 560 retirees and is currently undergoing a $9 million renovation and expansion of its own by adding additional independent living apartments and a 16,000-square-foot wellness center with an indoor...
Source: Health Business Week (2008-07-04)
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