Ziegler Prices $600,000,000 Financing for Horizon House (WA)
Ziegler is pleased to announce the successful pricing of Horizon House’s $600,000,000 Series 2025AB Bonds. Located in the First Hill neighborhood adjacent to the downtown core of Seattle, Horizon House is a CCRC offering 377 independent living apartments and 90 assisted living apartments including memory care services to its more than 450 residents. Bond proceeds will be used to fund the new West Tower, a 33-story independent living high-rise consisting of 202 independent living apartments as well as significant reinvestment throughout the campus. The West Tower will provide purpose-built senior living, which is currently relatively limited in Seattle, especially in its urban core. At a par amount of $600 million, this is the largest senior living financing ever brought to the municipal bond market.