Canadian REIT completes acquisition of 11 U.S. SNFs.Toronto-based CPL CPL - Combined Programming Language. U Cambridge and U London. A very complex language, syntactically based on ALGOL 60, with a pure functional subset. Provides the ..where.. form of local definitions. Strongly typed but has a "general" type enabling a weak form of polymorphism. Functions may be defined as either normal or applicative order. Typed array and polymorphic list structures. List selection is through structure matching. Long Term Care Real Estate Investment Trust completed its agreement to acquire 11 nursing homes in Vermont, Connecticut, and New Hampshire representing total capacity of 1,354, for $76 million. The REIT has acquired an 80 percent ownership position in the centers through a wholly owned subsidiary. The remaining 20 percent is held by the U.S. management team, CPL Subacute LLC, which will continue to operate the properties. CPL is the largest owner and operator of long term care facilities in Canada, with 75 facilities totaling 10,215 resident capacity. |
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