Forest Place Investor Relations

Since its inception 18 years ago, Forest Place has established itself as a market leader in provision of quality retirement accommodation in South-East Queensland.

Forest Place's philosophy is 'Quality of Life'. This philosophy is embedded in all areas of the company's business including creating a friendly and productive working environment for staff, ensuring the company is a sound investment for shareholders and providing a superior lifestyle for residents.

Forest Place villages offer unmatched recreational and health facilities for the over 50s market coupled with a range of accommodation options to suit each resident's housing preference and level of independence. The Forest Place villages - Albany Creek, Clayfield, Cleveland, Durack and Taringa - and an aged care facility (nursing home) at Durack are home to more than 1,033 residents. The Cleveland and Clayfield villages are owned by syndicates of investors (including Forest Place).

Forest Place derives income from:


•	the development and sale of leases of accommodation units,

•	fees charged to retirement village residents for the use of communal facilities and retirement village infrastructure. The payment of these fees is deferred until the resident's unit is resold, following their departure from the village. These fees are described as exit fees in the financial statements,

•	providing development, marketing, management and administration services to syndicated villages, and

•	services charges paid by residents to reimburse Forest Place, on a cost recovery basis, for the day to day operations of the village.

Forest Place has substantial investments in:


•	accrued exit fees,

•	retirement village land, communal facilities and infrastructure, and

•	its syndicated retirement villages.