Amica Mature Lifestyles Inc., $9.85, symbol ACC on Toronto (Shares outstanding: 30.5 million; Market cap: $300.4 million; www.amica.ca) manages, develops and markets luxury housing for seniors.
There are now 25 Amica “Wellness & Vitality” residences, including three under development. When all of these buildings are complete, the company will have a total of 3,477 suites. Amica caters to an affluent market, with rent starting at more than $3,000 per month for a one-bedroom suite.
The properties are located in B.C., Alberta and Ontario, with a focus on the Greater Toronto and Greater Vancouver areas.
The company owns 100% of nine properties (which include 1,111 suites) and has interests in the other 16 (which include 2,366 suites) ranging from 19.5% to 93.4%. Amica’s overall occupancy rate is 94.5%. About 20% of the suites in each building are for assisted living, and 80% are for independent living.
While the company holds only part ownership in most of its properties, it has 99-year management contracts on all…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
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Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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