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Ziegler Closes Financing for CopperWood Senior Living

Ziegler is pleased to announce the successful pricing and closing of CopperWood Senior Living’s $84,705,000 Series 2026 Bonds. CopperWood Senior Living is planning to develop and own a senior living community on approximately 3.15-acres in Peapack-Gladstone, NJ on the site of the former Pfizer Pharmaceuticals corporate headquarters. Through adaptive reuse and new construction, the former historic office campus will be redeveloped into a mixed-use senior housing campus including market rate rental independent living, assisted living and memory care units, affordable and age-restricted for-sale townhomes and condos. The healthcare portion of the re-development, which is the portion of the future campus funded by the tax-exempt bonds, will be licensed for 115 beds and will include assisted living and memory care portions of the community. The community will be managed by Distinctive Living.