With its roots in antebellum South Carolina, a 178-unit CCRC in West Columbia is repositioning itself for the future with a planned expansion of its skilled nursing and assisted living services. The South Carolina Episcopal Home at Still Hopes has been in operation since 1975 and sits on a 43-acre site that includes a 107-year old mansion.
It currently features 192 independent living units, 24 memory care units, 22 rehab beds and 40 skilled nursing beds, but the not-for-profit ownership wanted to construct a new health center that would house 48 skilled nursing beds (to replace the existing 40 beds) and 22 assisted living units. To fund the project, Ziegler closed a $39.33 million bond financing, which will also provide for a debt service reserve fund, interest during the construction period and costs of issuance.
