Air Force Villages, Inc. (San Antonio, Texas) - Tarrant County Cultural Edu Facilities Finance Corp. rev bonds ser 2009 - New Issue - 2009/10/14 - Fitch Research

Report title: Air Force Villages, Inc. (San Antonio, Texas) - Tarrant County Cultural Edu Facilities Finance Corp. rev bonds ser 2009

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8 page (4956 word) report published Oct 14, 2009

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...Air Force Villages, Inc. (Villages, or AFV) has had a long history in the market since opening in the late 1960s. AFV II was established in 1983. Villages has had a history of high occupancy in independent living. AFV has maintained solid financial performance, which has resulted in sound liquidity growth and good historical coverage. It is in close proximity to Lackland Air Force Base, which is attractive to potential retired military officers. Villages has exhibited sound governance practices, including being proactive on Sarbanes Oxley. AFV's facilities are well maintained. It draws from a national market, as residency is restricted to retired military officers and their spouses....

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Tarrant County Cultural Education Facilities Finance Corp. (TX), City of San Antonio, TX

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