Risk Factors Update Summary
- Operating performance subject to real estate industry risks, including fluctuations and cycles in value and demand.
- Increased operating costs, including insurance, labor, energy, property taxes, and compliance costs.
- Increased interest rates could impact debt service obligations and financial condition.
- Reliance on third-party management companies may harm business operations.
- Reliance on HUD insured loans for low-interest rates, regulatory compliance, and potential increased costs.
- Debt restructuring potential impact on interest costs and terms, affecting financing and business opportunities.
- Construction costs funded through financing, with obligations until permanent financing obtained or project sold.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=733590&owner=exclude
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