Erickson Retirement made the rounds in the press the last two weeks as the latest of the nation’s retirement community developers to take a beating. The Wall Street Journal ran, “Retirement Chain Seeks Fresh Cash Infusion” last week and the Baltimore Sun ran, “Erickson Retirement trying to reorganize, cut debt” that show the company continues to struggle as the debt markets are still strained. Both articles reference the challenges that the company faces with the newer properties and facilities that were in the process of development. Erickson is seeking equity investors but until the company delivers through the sale of some its properties or the restructure of its debt, those equity investors will be waiting on the sidelines. The real question maybe: how long will they wait?
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