Green Global Investments, a fully integrated real estate investment, development and operating company focused on senior housing management, has changed its corporate name to LivingVentures.
The name change is more closely aligned with LivingVentures' mission to become a leading senior housing management company with a resident-centric service model.
As part of its growth strategy, the company expects to continue to identify compatible acquisitions, development opportunities and mergers, joint ventures and financing channels for seniors housing properties, which will provide further opportunities to manage seniors housing facilities.
Separately, LivingVentures announced the appointment and board ratification of C. Geoffrey Hampson, age 55, to the new position of executive chairman. Hampson will work with the company’s chief executive Rick Asta in establishing the strategic direction and goals for the business and ensuring that LivingVentures has access to capital sources necessary to execute that plan. Hampson has been a director of the company since 2012.
Allen Huie, chairman of LivingVentures, says: "We are pleased to announce Geoff's appointment as executive chairman. As a director of the company, Geoff has already made significant contributions to our business model, and we look forward to his taking a more active role in our operations. Geoff's banking experience and M&A expertise will be invaluable as LivingVentures executes its strategic growth plan to become a leading resident-centric seniors housing company."
In addition, LivingVentures has secured its first US management contract. Nature Coast Lodge, located in Lecanto, Florida is a 65- unit, 85- bed assisted living facility. As manager, the company expects to increase occupancy and improve operating results of this community.