Ziegler announced multiple finacings, first arranging two bridge loan financings totaling $17.3 million for the acquisition and repositioning of two separate assisted living and memory care campuses in Cotswold, North Carolina and Vinings, Georgia. The communities comprise 201 units and were acquired by Charter Senior Living and its equity partner Berengaria Development. Both communities will each undergo significant repositioning. The two acquisitions represent the third and fourth repositioning for the Charter and Berengaria relationship.
Next, the Chicago-based investment bank announced a pair of bridge loans closing a $25.8 million financing to fund the acquisition of a portfolio of skilled nursing centers in the greater Milwaukee metro area on behalf of the buyer Aria Healthcare. They also announced a $4.9 million in financing to fund the acquisition of a skilled nursing center in Milwaukee, Wisconsin on behalf of the buyer Champion Care. Ziegler’s Senior Housing & Care Finance Director, Nick Glaisner, and Senior Vice President, Adam Shealy, arranged and executed the financings.
