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Retirement CEO Buys Point Lookout
Filed under: Estates
A tip from Luxist reader Dave led me to an interesting story regarding one of our previous estate-of-the-day properties, Point Lookout. Maine Coast Now reports that a Maryland businessman is buying Point Lookout from Bank of America and has plans to turn it into a training center for seniors and executives in the aging business. The 378-acre property has been listed through Landvest for $26.4 million. John Erickson, the potential buyer, is the CEO of Erickson Retirement Communities which owns and operates 20 continuing care retirement communities throughout the United States. By next fall, Erickson hopes to reopen the facility to use as a training facility. Point Lookout also may end up as an educational tour destination for older adults including those living in his retirement communities.
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