Ziegler Closes $30,000,000 Financing for Vicar’s Landing (FL)
Ziegler is pleased to announce the closing of $30,000,000 of Series 2022 Bonds for Life Care Ponte Vedra, Inc. d/b/a Vicar’s Landing. Located in Ponte Vedra Beach, FL, bond proceeds will primarily be used to fund Phase II of the Vicar’s Landing at Oak Bridge expansion project.
Ziegler Advises the Residentialist Group on its Sale to Scan Group
Ziegler is pleased to announce its role in advising The Residentialist Group (TRG) on its sale to SCAN Group, the parent of SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans. TRG provides clinical services to frail and vulnerable older adults in their homes in the Southern California and Greater Philadelphia areas.
Ziegler CFO Hotline Report: Marketing Sales Commissions
The June 2022 Ziegler CFO HotlineSM poll was devoted to the topic of Sales and Marketing Staff and Commissions. Nearly 200 not-for-profit senior living CFOs and financial professionals from around the country responded to the survey, with 69% representing single-site organizations and 31% from multi-site organizations.
Ziegler Advises Hill Valley Healthcare on $35,250,000 Acquisition Financing
Ziegler announces its role as financial advisor in raising financing of $35,250,000 on behalf of Hill Valley Healthcare to acquire a rental CCRC located in Farmville, VA. The community, The Woodland, offers independent living, assisted living and skilled nursing services.
Z-News | Senior Living Finance: Multi-Site Corporate Management Fees
In mid-March, Ziegler surveyed LeadingAge Ziegler 200 organizations to gather feedback on management fees charged to their sponsored/affiliate communities. This has been a recent hot topic among CFOs as multi-site organizations have worked to identify the appropriate formula for the current environment and unique attributes of their organization.
Ziegler Closes $193,195,000 Financing for Westminster Canterbury Richmond
Ziegler announces the successful closing of the Westminster Canterbury Richmond $193,195,000 Series 2022A, 2022B and 2022C Bonds. One of the nation’s premier life plan communities and located in Richmond, VA, proceeds of the Series 2022 Bonds will primarily be used to fund a major campus expansion project.
Ziegler Advises Comprehensive Care Capital on $20,525,000 Acquisition Financing
Ziegler announces its role as exclusive financial advisor in raising financing of $20,525,000 on behalf of Comprehensive Care Capital to acquire two senior housing communities, Banyan Place – Boca and Banyan Place – Lantana. Both offer independent living, assisted living and memory care services.
Ziegler Advises OneLife Senior Living on Construction Loan | $24,000,000
Ziegler acted as financial advisor in a $24 million debt placement on behalf of Onelife Senior Living to finance the construction of the to-be-built Esther Assisted Living Community. The Esther will be located in Springfield, OR and will contain 103 assisted living units.
Ziegler NIC Quarterly Lender Survey Results
Ziegler, in cooperation with NIC, is pleased to present the results of our latest Ziegler NIC Lender Survey. The purpose of this survey is to provide greater transparency to developers, owners, operators and other capital markets professionals investing in senior housing and skilled nursing communities. We will continue these meaningful surveys on a quarterly basis in order to provide key data points over time.
Ziegler Credit Surveillance Special Report - COVID-19 Impact on NFP CCRCs
In this report, Ziegler Credit Surveillance examines the extent to which COVID-19 affected senior living providers, using its median ratio sample group as a proxy. The report focuses on determining the financial impact on core operations, as well as sifting out the accounting impact of the various governmental aid programs.