Rep. Jerry Chang assisted in this effort to establish the Hawaiian Islands Regional Center as a government approved vehicle for foreign investment capital. For its first project, the center plans to raise $18.5 million to invest in a 100-bed skilled nursing facility in Hilo.
The Hilo facility will serve the senior community and their families. It will be operated by Rengency Pacific, which manages over 50 retirement, assisted living and skilled nursing communities throughout the western United States.
Read the full press release here:
HIRC Press Release 6 20 11
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