Ziegler Closes $58,100,000 Financing For Twin Lakes Community
Ziegler announces the closing of Twin Lakes $58,100,000 Series 2022A Bonds. First opened in 1983 and located on 215 acres in Burlington, NC, the community plans to use the proceeds of the bank-held bonds to construct the new 48-unit Stockton Apartment Building.
Ziegler Closes Financing For Plymouth Place, Inc.
Ziegler announces the closing of Plymouth Place’s Series 2022A and Series 2022B Bonds. Located in La Grange Park, IL, Plymouth Place is developing an expansion to its existing community known as The Arboretum Villas, which are anticipated to consist of 59 new independent living units within one two-story building, two three-story buildings, one four-story building.
Ziegler Closes $95,570,000 Financing For The Forest at Duke
Ziegler announces the closing of The Forest at Duke (TFAD) $95,570,000 Series 2022A Bonds. Located in the City of Durham, NC, TFAD first opened to residents in 1992 and currently serves over 360 residents. Bond proceeds will be used to fund Phase 2 of a campus repositioning which includes the construction of a new 71 independent living unit apartment building.
Ziegler Advises Nesnah Ventures, LLC on its Sale of Cannon Rivers Senior Living
Ziegler is pleased to announce its role as exclusive financial advisor to Nesnah Ventures, LLC on the sale of Cannon Rivers Senior Living, a 105-unit senior living community located in Cannon Falls, MN. Eden Senior Care purchased the property and took over operations on November 1, 2022. This represents the fifth acquisition for Eden Senior Care in Minnesota.
Ziegler Closes Financing for La Posada Obligated Group
Ziegler announces the closing of the La Posada Obligated Group’s Series 2022A and Series 2022B Senior Living Revenue Bonds. Incorporated in 1996 and located in Green Valley, AZ, bond proceeds will be used by La Posada to construct a second location in Oro Valley, AZ to be known as La Posada at Pusch Ridge. Situated on 80 acres, the new community is initially expected to consist of 166 independent living apartments with campus common areas.
LeadingAge And Ziegler Release 19th Annual LeadingAge Ziegler LZ 200 Report
LeadingAge, the association of nonprofit providers of aging services, and Ziegler, the nation’s leading underwriters of financings for not-for-profit senior living providers, today release the 19th Annual LeadingAge Ziegler (LZ 200) report.
Ziegler and M&T Realty Capital Partner on Fannie Mae Refinancing of 55+ Age-Restricted Independent Living Community | $19,485,000
Ziegler, in partnership with M&T, is pleased to announce its role as financial advisor in a $19,485,000 Fannie Mae refinancing on behalf of Essex Communities to refinance the existing debt on Carmel Oaks, a 55+ age-restricted independent living community in Lakewood, CO.
Ziegler Closes $42,404,000 Cinderella Refinancing and $7,000,000 Line of Credit for Rose Villa
Ziegler announces the successful closing of Rose Villa’s $42,404,000 Series 2022 Cinderella Bank Placement and $7,000,000 taxable revolving line of credit. A CCRC in Portland, Oregon, Rose Villa will primarily use the funds to refinance its outstanding Series 2014A Bonds.