Presbyterian Manors of Mid-America Expands Into Colorado

Presbyterian Manors of Mid-America Expands Into Colorado

by | Jan 21, 2022 3:25 pm | Developments | 0 comments

Presbyterian Manors of Mid-America has broken ground on their newest CCRC, Aberdeen Ridge, thanks to the recent successful closing of their $140.02 million Series 2021 bonds issued through the Colorado Health Facilities Authority and underwritten by Ziegler. This is PMMA’s first venture into Colorado. The faith-based, not-for-profit corporation is headquartered in Wichita, Kansas and operates 15 senior living communities and two hospices across Kansas and Missouri, serving over 2,400 residents. In 2018, PMMA acquired a Texas not-for-profit corporation, which owned an undeveloped 15.25-acre site within 1.5 miles of Garden of the Gods National Park, and which already had the permits and... 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 »