Ziegler Closes $67,665,000 Financing for Fox Run (NY)
Ziegler is pleased to announce the successful closing of Fox Run at Orchard Park’s $67,665,000 Series 2025 tax-exempt revenue bonds. A CCRC with 180 independent living units comprised of 30 patio homes and 150 apartments in a two-story apartment building with a Health Center and a Community Center, Fox Run is located on a 54-acre campus in Orchard Park, New York. The community is south of Buffalo, less than a mile away from The Buffalo Bill’s High Mark Stadium and is one of the Article 46 communities in New York operating as a strong single site with a ‘BBB’ rating with a Stable outlook from Fitch. Bond proceeds will be used to fund the expansion and repositioning of the community, including construction of 63 new independent living apartments, eight new independent patio homes, renovation to existing common space and new common space additions.