Michael B. Shannon

Aveo Group engages in the investment, development and management of retirement villages. It operates through the following segments: Retirement Established Business Retirement Development, Retirement Care and Support, and Non-Retirement. The Retirement Established Business segment focuses on retirement villages to produce rental and other income. The Retirement Development segment develops retirement villages to produce development profits represented in the income statement by changes in fair value of investment properties. The Retirement Care and Support segment comprises of aged care facilities to produce rental and other income. The Non-Retirement segment includes the development of residential, commercial, and retail property. The company was founded in 1979 and is headquartered in Sydney, Australia.