Aureus Group buys eight ALFs from Marriott.Dallas-based Aureus The aureus (pl. aurei) was a gold coin of ancient Rome valued at 25 silver denarii. The aureus was regularly issued from the 1st century BC to the beginning of the 4th century AD, when it was replaced by the solidus. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has agreed to purchase eight Brighton Gardens assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. communities from Marriott International Inc. for $140 million in cash. Aureus Group develops and acquires senior living communities across the U.S. in alliance with regional and national management companies. Marriott Senior Living Services will continue to operate the communities. Two of the communities opened in the fourth quarter of 1998, one in Danvers, Massachusetts, and the other in Woodbridge, Connecticut. The other communities are under construction. Related sales will be finalized as the communities, located in California, Virginia, and Maryland, open over the next four months. While Robert T. Halpin Jr., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aureus, says the company is "looking forward to doing more with Marriott, it has other irons in the fire as well: four properties--two under construction and two already stabilized. |
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