Ziegler Closes $107,525,000 Financing for Friendship Village of Tempe (AZ)
Ziegler is pleased to announce the successful closing of Friendship Village of Tempe’s $107,525,000 Series 2025AB Bonds. Located in Tempe, Arizona, the community consists of a 536-unit retirement center, a 128-bed skilled nursing center, a 67-unit assisted living building, 24 memory care beds and a 14-bed hospice unit in the Health Center that is leased to a hospice provider. Bond proceeds will be used to finance Phase Three of the campus master plan, which includes a new five-story building known as the Ironwood building, with 69 entrance fee apartments on five floors, underbuilding parking and first floor amenities.