March 19, 2018 / 12:42 AM / in 8 months

BRIEF-Gateway Lifestyle Group ‍Acquires Two Residential Land Lease Communities

March 19 (Reuters) - Gateway Lifestyle Group:

* ‍ACQUIRES TWO RESIDENTIAL LAND LEASE COMMUNITIES IN SOUTH AUSTRALIA FOR $45 MILLION​

* PURCHASE CONSIDERATION WILL BE PREDOMINANTLY FUNDED FROM EXISTING SYNDICATED DEBT FACILITY

* INCREASED DEBT FACILITY LIMIT TO $280 MILLION AND WEIGHTED AVERAGE MATURITY BY EXTENDING TENURE ON A $70 MILLION TRANCHE TO FEB 2020. Source text for Eikon: Further company coverage:

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