Ziegler announced its role as exclusive financial advisor in raising financing of $20.525 million on behalf of Comprehensive Care Capital (an affiliate of The Rosdev Group) to acquire two senior housing communities located in Boca Raton and Lantana, Florida. The communities, Banyan Place – Boca and Banyan Place – Lantana offer independent living, assisted living and memory care services.
Banyan Place – Boca consists of 130 independent living, assisted living and memory care units, while Banyan Place – Lantana has 39 licensed memory care beds. CCC’s operating affiliate, Forte Healthcare, led by Yosef Nathan, will manage the Boca and Lantana communities as part of this transaction.
Christopher Utz, Managing Director in Ziegler’s Senior Housing & Care Finance Practice, arranged and negotiated the transaction. CCC’s M&A team is led by Mark Eis, Director of Business Development, and Simcha Buff, Esq., General Counsel. East West Bank provided the loan.
