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Ziegler Closes $191,460,000 Financing for St. John’s United (MT)

Ziegler is pleased to announce the successful closing of the St. John’s United’s Aeries Project, funded with $191,460,000 Series 2026ABC Bonds. Located in Montana, the Obligated Group currently operates five senior living communities consisting of 201 independent living units, 140 assisted living units, 72 memory care units, and 88 skilled nursing beds. St. John’s is undertaking a significant expansion project comprised of a new 12-story tower on the main St. John’s United campus known as Aeries containing approximately 95 independent living units with various common areas and amenities, 19 new moderate income independent living apartments known as Chapel Court Living on the main St. John’s United campus, and four new independent living four-plex buildings, including common areas, on the WyndStone campus. The campuses are adjacent to one another in Billings.