Ziegler Closes Acquisition and Bond Financings
Ziegler announced that it advised on an acquisition loan and closed a bond financing. Ziegler was the capital structure advisor and hedge advisor in the placement of a $52.5 million acquisition loan on behalf of a regional owner/operator. The acquisition financing was used to acquire five independent living communities in Michigan. The portfolio surrounds the Metro-Detroit MSA and has a total of 631 units and 695 beds. Christopher Utz advised and negotiated the transaction for the borrower and placed the loan with Oxford Finance. Ziegler’s Structured Products Practice placed an interest rate cap through a competitive bid process, ultimately executing the cap with Goldman Sachs. Ziegler... Read More »
Joint Venture Recapitalizes Massachusetts Class-A Portfolio
Northbridge Companies and Taurus Investment Holdings recapitalized their portfolio of six Class-A seniors housing communities in the Boston suburbs for $227 million, or $447,700 per unit. The recap comes five years after the joint venture acquired the portfolio for approximately $200 million, or $394,500 per unit, which was Taurus’ first investment in the seniors housing sector. Welltower (NYSE: WELL) was the seller at the time, having been represented by the team at Newmark, which also helped facilitate debt for Northbridge. That same Newmark team represented Northbridge and Taurus in the 2025 recap. Featuring 507 units of independent living, assisted living and memory care, the portfolio... Read More »
Ziegler Places Two Bank Loans for Phorcys Capital Partners
Ziegler served as the capital structure advisor in the placement of two bank loans totaling $21.795 million on behalf of Phorcys Capital Partners. The first financing was used to acquire Superior Residences of Clermont, a not-for-profit assisted living/memory care community in Clermont, Florida that was held and operated through a court-appointed receivership. Built in 2002, the community has a total of 114 units (140 licensed beds), comprised of 74 assisted living and 40 memory care units. The acquisition closed in April 2025, with Ziegler placing the acquisition and capital expenditure loan with Stride Bank. SRI Management is the third-party manager of the community. The second financing... Read More »
Not-For-Profit Secures Refinancing
Ziegler announced the closing of a large bond financing on behalf of Sequoia Living, a California not-for-profit public benefit corporation that serves seniors throughout Northern California. Sequoia, originally known as Northern California Presbyterian Homes, and its related entities own four CCRCs and three affordable housing communities. The CCRCs, the revenues of which are pledged to the payment of the bonds, include The Sequoias Portola Valley, The Sequoias San Francisco, The Sequoias Tamalpais and Viamonte Senior Living. They contain 844 independent living units, 146 assisted living or memory care units, and 112 skilled nursing beds. The bonds totaled $151.555 million issued through... Read More »
Greystone Provides Two Acquisition Loans
Greystone provided two financings for the acquisition of a skilled nursing facility and a skilled nursing portfolio. First, the firm provided a $33.9 million bridge-to-HUD financing for the acquisition of a skilled nursing facility in Virginia with 210 units. The interest-only bridge financing carries a 24-month term, with two six-month extension options, and features a floating rate. The borrower also secured an interest rate cap to mitigate future rate volatility. The financing was originated by Christopher Clare, David Young, Ryan Harkins, Ben Rubin, Parker Nielsen and Liam Gallagher. Next, Greystone provided a $45.4 million bridge-to-HUD loan for the acquisition of four skilled... Read More »Schedule a demo
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