Ziegler Closes $118,330,000 Financing For Emerald Heights (WA)
Ziegler announces the closing of $118,330,000 Series 2023 Bonds for Emerald Heights. Located in Redmond, WA, Emerald Heights will primarily use bond proceeds to refinance existing debt as well as fund the construction and equipping of 54 new assisted living units, a sky bridge connecting these units to the main independent living building and a Courtyard Expansion project consisting of 42 new independent living units.
Ziegler Advises the Sale of Bethesda Rehab & Senior Care
Ziegler is pleased to announce its role as exclusive sell-side financial advisor to the sale of the Bethesda Rehab & Senior Care, a 135-bed skilled nursing facility located in Chicago. The transaction marks another sale of a not-for-profit to a for-profit.
Ziegler Prices $59,925,000 Financing for Ohio Living
Ziegler announces the successful pricing of Ohio Living’s $59,925,000 Series 2023 Bonds. With 12 communities throughout the state, Ohio Living is the second largest nonprofit senior living provider in Ohio. Bond proceeds will primarily be used to refund existing bank debt.
Ziegler Closes $212,930,000 Bond Financing For Seafields at Kiawah Island, a New Life Plan Community
Ziegler announces the successful closing of Seafields at Kiawah Island’s $212,930,000 Series 2023 bonds. Seafields is a new CCRC planned to consist of 90 independent living units and 16 assisted living units as well as common areas with a large variety of amenities located on eight acres in Kiawah Island, SC.
Ziegler Closes $25,340,000 Financing for Forefront Living San Antonio (TX)
Ziegler announces its role in the closing of $25,340,000 of Series 2023 Bond Anticipation Notes for Forefront Living San Antonio. Proceeds will primarily be used to finance the cost of acquiring a 27 acre tract of land in the city of San Antonio as well as the preconstruction development costs of a new senior living community to be known as Bella Vida at La Cantera.
Ziegler Closes $61,300,000 Financing for Aldersly (CA)
Ziegler announces the successful closing of the $61,300,000 Aldersly Series 2023 Bonds. Located in San Rafael, CA, Aldersly will primarily use the bond proceeds to fund the construction of a 35-unit residential care facility. The Series 2023 Bonds are rated “AA-” by Standard & Poor’s based on credit enhancement provided by the Cal-Mortgage Loan Insurance Program.
Ziegler and M&T Realty Capital Corporation Partner on Freddie Mac Refinancing of Luxury Independent Living, Assisted Living & Memory Care Community | $105,600,000
Ziegler, in partnership with M&T Realty Capital Corporation, is pleased to announce its role as financial advisor in a $105,600,000 Freddie Mac refinancing on behalf of The Ridge Senior Living to underwrite the existing debt on The Ridge Pinehurst, a luxury independent living, assisted living & memory care community in Lakewood, Colorado. The award-winning 371-unit community began opening in phases in September 2020.
Ziegler Advises Marquee Capital on its Sale of Terova Senior Living
Ziegler is pleased to announce its role as exclusive financial advisor to Marquee Capital (formerly, Berengaria Development) on the sale of Terova Senior Living, a 101-unit senior living community located in Mequon, WI. Inspired Healthcare Capital purchased the property and its affiliate manager, Volante Senior Living, took over operations. This represents the second Wisconsin acquisition for IHC.
Z-News | Senior Living Finance: Life Plan Community Occupancy Update: Q2 2023
Ziegler announces the closing of the EveryAge Obligated Group’s Series 2023A Direct Bank Revenue Bonds. Currently consisting of three communities in North Carolina, EveryAge is developing a new 95-unit independent living rental community that will be known as BellaAge Hickory in Hickory, NC as they believe an affordable market rate rental community will fill a void in both the overall marketplace and within its own product offering.
Ziegler Link•age Fund III, LP Announces A Significant Investment In At Home Harmony
The Ziegler Link-age Fund III, LP announces a significant investment in At Home Harmony, which delivers an innovative, integrated care model through which seniors experience the highest-quality geriatric healthcare from the comfort of their own home.