Aspen Group (ASX:APZ) signed a definitive agreement to acquire Wodonga Gardens Retirement Estate for AUD 6 million on July 23, 2021. The acquisition will be initially funded with debt. The transaction price equates to about AUD 35,000 per approved site including the existing 51 dwellings under retirement village contracts. The transaction is expected to be completed in August 2021. The acquisition is expected to be accretive to both NAV and EPS over the medium term.