Ziegler Closes Financing for The Sharon at SouthPark
Ziegler is pleased to announce the successful closing of The Sharon at SouthPark’s $166,425,000 Series 2026 Bonds. Organized in 1964, The Sharon owns and operates a Type-B life plan community on 28.1 acres in the SouthPark area of Charlotte, NC. At present, The Sharon operates 247 independent living residences, 38 assisted living residences and 96 skilled nursing beds. Bond proceeds will primarily be used to fund a project to expand residential capacity, elevate wellness resources and ensure it continues to offer a modern, connected and health-forward environment aligned with the expectations of current and future residents. The main project components include: (1) 64 new independent living apartments with underbuilding parking, (2) a mixed-use space on the 1st floor of the new independent living building to provide a blend of residential, office, retail and restaurant uses and (3) the Center for Vibrant Living, a 52,000 square foot comprehensive wellness destination that will include a new swimming pool, senior-friendly fitness equipment, two workout studios, walking tracks and golf simulators.