Senior Living Community Business means, as to any Person, the -------------------------------- business of acquiring and owning existing and newly developed retirement community properties, improving and expanding the retirement community properties owned and acquired by such Person and/or operating retirement community properties for other owners thereof (whether pursuant to a management agreement, operating agreement, lease, license or otherwise).
Senior Living Community Business means, as to any Person, the -------------------------------- business of developing, acquiring, owning or investing in, existing and newly developed retirement community properties (including, without limitation, assisted living facilities, independent care facilities and nursing homes), improving and expanding the retirement community properties (including, without limitation, assisted living facilities, independent care facilities and nursing homes) owned and acquired by such Person and/or operating retirement community properties (including, without limitation, assisted living facilities, independent care facilities and nursing homes) for other owners thereof (whether pursuant to a management agreement, operating agreement, lease, license or otherwise).