Ziegler announced the closing of Oak Hammock at the University of Florida’s $93.5 million Series 2025 bonds issued through the Alachua County Health Facilities Authority. This is the third transaction Ziegler has completed for Oak Hammock, a Florida not-for-profit corporation that owns and operates a CCRC in Gainesville, Florida.
The community sits on a 135-acre campus that currently consists of 269 independent living, 52 assisted living and 12 memory care units, plus 73 skilled nursing beds. All the skilled nursing beds are Medicare certified.
Proceeds of the Series 2025 bonds will be used, together with other available funds, to finance and refinance all or a portion of the costs relating to the design and construction of 56 new independent living units and renovations to related common areas, funding necessary reserves and paying costs related to the issuance of the Series 2025 bonds.
