Grand Court Lifestyles sells eight properties.Grand Court Lifestyles Inc., a provider of independent and 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. services, announced the first sale of controlling interests controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in eight multifamily properties. As a result of the sale of interests in these properties, the Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Florida-based company received $12 million, comprised of $5 million in cash, and a $7 million note. Grand Court realized income from the transaction of about $4.2 million in the fourth quarter of its fiscal year ended January 31. |
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