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A Florida senior living community that was on the brink of closing has struck a deal to buy its property from bondholders and keep it open, the Tampa Bay Times reports.
The Yampa Valley Community Foundation reached a verbal agreement Friday to buy Casey's Pond from bondholders, saving the community from closing completely.
The foundation said they anticipate finalization of a contract to purchase the property through a quick close process, which will allow the continuation of the facility operating at a senior living community.
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Selected Foundation News
A customized collection of news from foundations from around the Web.
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