Tri-National Development Corp. Announces Grand Opening.Business Editors SAN DIEGO--(BUSINESS WIRE)--Oct. 24, 2000 Tri-National Development Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:TNAV and Hamburg and Frankfurt Stock Exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. :TND TND In currencies, this is the abbreviation for the Tunisian Dinar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) announced today on behalf of its majority owned subsidiary, Alpine Gardens East Inc. ("AGE"), that the official grand opening of its first senior community, Youngtown Gardens will be held on Oct. 28, 2000. Alpine Gardens East built this 126-unit facility from the ground up on 6 acres in Youngtown, Ariz. The facility is completed and the units are available for move-in immediately. A new certified bank appraisal valued the Youngtown Gardens at $22,500,000. A 36-unit Alzheimer's and Dementia facility is also included on the site and will be overseen by Dr. Javaid Sheikh sheikh or shaykh Among Arabic-speaking tribes, especially Bedouin, the male head of the family, as well as of each successively larger social unit making up the tribal structure. The sheikh is generally assisted by an informal tribal council of male elders. , a world-renowned expert on geriatrics geriatrics (jĕrēă`trĭks), the branch of medicine concerned with conditions and diseases of the aged. Many disabilities in old age are caused by or related to the deterioration of the circulatory system (see arteriosclerosis), e.g. and currently associate professor of Psychiatry at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . Tri-National's continuing objective through its AGE subsidiary is to provide high quality 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 to senior housing residents in a cost-effective manner. AGE facilities will offer housing, minimum health care and personal support for elderly residents who need assistance with certain activities of daily living, without requiring the services or expense of a complete nursing facility. Most sites will also incorporate an Alzheimer's and Dementia component. AGE owns an additional 22.5 acre parcel in Temecula with preliminary plans for 255 condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. units, and has several additional parcels under contract. Tri-National President Michael Sunstein said, "We are proud to have completed the first in what we hope to be an ongoing stream of senior community developments. We believe these projects address a significant and growing need of the country's active seniors to maintain their independence and live in an attractive environment, while still having access to modest levels of support and assistance. We would like to invite any Tri-National shareholders in the Youngtown area to attend this grand opening celebration, and look forward to the potential rewards to all shareholders of our continuing development efforts." This release contains forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors. For more information see www.tri-national.com. Tri-National Development Corp. is an international real estate development, sales and management company. |
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