April 14, 2006
Credit-Rating Agency Says Retirement Housing Can Be a Risky Investment for Colleges
Colleges and universities that have developed retirement communities as a way of generating revenue and cultivating new donors should familiarize themselves with the risks attached to such projects, according to a report released last week.
The report, by Moody's Investors Service, a credit-rating agency, outlines the risks and opportunities for universities that establish such communities. The report says a college's reputation and finances could suffer if the housing does not attract
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