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Ziegler Closes Financing for Bishop Gadsden Episcopal Retirement Community

Ziegler is pleased to announce the successful closing of the $47,900,000 Series 2025 Bonds for Bishop Gadsden Episcopal Retirement Community. A nonprofit life plan community located on James Island in Charleston, South Carolina, Bishop Gadsden is situated on a campus of 125 acres consisting of 283 independent living units, 79 assisted living units, 32 memory care units, and 100 skilled nursing beds (32 of which are rehabilitation beds), together with a variety of related common areas. Bond proceeds will be used to fund a variety of capital improvements consisting of a variety of new, renovated or expanded settings on the campus. Improvements include an expanded wellness center, performing arts and event spaces, culinary upgrades, meeting and office spaces, additional parking, a new team member lounge and courtyard and other central plant upgrades.