• Carnegie Capital Announces Latest Closings

    by | May 29, 2020 4:41 pm | Financings | 0 comments

    JD Stettin of Carnegie Capital has certainly had his hands full recently, having closed a couple of refinances in the Pacific Northwest, no easy task in the early days of COVID-19, we’re sure.   Mr. Stettin first sourced and structured a cash-out refinance of a 60-unit memory care community near Eugene, Oregon. Featuring a roughly 50-50 mix of... Read More »

  • PGIM Refinances Tennessee Senior Living Community

    by | May 29, 2020 4:38 pm | Financings | 0 comments

    PGIM Real Estate announced its latest transaction, with Executive Director Chris Fenton leading the way. It involved a $10.6 million HUD refinance of a senior living community in Ashland City, Tennessee. Built in 2015 with 100 beds in 80 units, the community provides assisted living and memory care services in a four-story building.   Thunderhawk... Read More »

  • Greystone Arranges HUD Construction Debt

    by | May 29, 2020 4:37 pm | Developments, Financings | 0 comments

    Working through HUD, Lisa Fischman of Greystone facilitated construction financing for an assisted living community to expand its Buffalo, New York-area campus. Originally built in 2003 with 110 beds in 84 units, the community is located on a 20-acre campus. Onsite amenities including a theater, physician’s office and beauty salon certainly... Read More »

  • Genesis HealthCare’s Shares Double in Value

    by | May 29, 2020 4:48 am | Opinion | 0 comments

    Leading up to Genesis HealthCare’s first quarter earnings release and conference call, the company’s share price took off. The rise started on May 22 when it jumped by 22% on high volume, but then it added another 35% on volume that was 10 times the average. In the course of four days, the price more than doubled, from $0.63 per share to $1.37... Read More »

  • Looking for Answers in the Lending Market: A Q&A with Alec Blanc of Monarch Advisors

    by | May 28, 2020 4:47 pm | Financings | 0 comments

    To get a sense of what is going on in the capital markets in this immediate post-COVID-19 world, we turned to Alec Blanc of Monarch Advisors for his own thoughts.   How has the lending environment changed from the beginning of the second quarter to now?  Overall, there is less debt capital available than there was prior to the COVID-19 crisis. ... Read More »
Ziegler’s June Surge

Ziegler’s June Surge

by | Jul 6, 2017 7:58 pm | Financings | 0 comments

Ziegler impressed in June, closing over $350 million in tax-exempt bond financing for two CCRC clients. Buckner Senior Living was on the receiving end of the larger closing, a $232.5 million fixed-rate bond issuance to fund the development of its 325-unit entrance fee CCRC in the North Park neighborhood of Dallas. The luxury community is expected to cost around $136 million to build, or about $418,000 per unit. With that high cost comes a number of amenities like a roof-top garden, top-floor “Sky Lounge,” heated indoor pool and a salon/spa, among others. Placed on a three-acre parcel, the community will feature 189 independent living, 38 assisted living, 26 memory care, 48 skilled nursing... Read More »

Ventana by Bucker Gets Off The Ground

by | May 12, 2017 7:00 am | Developments | 0 comments

Several years after plans were first announced for two 12-story senior living towers in the North Park neighborhood of Dallas, Buckner Retirement Services has finally broken ground on The Ventana by Bucker, a 325-unit entrance fee CCRC which is estimated to cost $136 million, or about $418,000 per unit. That tops both the national average cost to construct CCRCs ($386,500 per unit) and the Texas average ($394,700 per unit), according to our in-house database of developments going back to 2013. As such, the development, which features floor-to-ceiling windows throughout the building, boasts a number of luxurious amenities including a roof-top garden, top-floor “Sky Lounge,” heated indoor... Read More »