Thames Valley Retirement Sold

Parkbridge Lifestyle Communities of Calgary, Alberta has bought the Thames Valley Retirement Community. Thames Valley is an adult land lease community off Ann St that St Marys residents Al Strathdee & Diane Furtney began developing more than 10 years ago on the former horse farm of hockey hall-of-famer Teeder Kennedy. The community has 58 houses and has sites for another 6.

In a land lease community the residents own their houses but rent the land on a long-term (20 year) lease. In theory residents wanting to move can move their houses but in practice the house is sold and the new owner is given a new 20-year lease.

Parkbridge is rapidly expanding and along with Thames Valley announced buying 4 other properties. They now own 60 properties that contain 13,317 sites. Parkbridge already owns the land lease community of Huron Village Green near Exeter, Ontario.