A large CCRC is being built in Durham, New Hampshire thanks to a $110.48 million bond financing closed by Ziegler. There is clear interest in the development (and the marketing team must have done its job well), as once the community began accepting pre-sale deposits on January 15, 2018, it took just over a month […]
Acts Retirement-Life Communities (ACTS) has added another LPC (CCRC) to its stable of communities, bringing the total to 23 LPCs in nine states serving approximately 9,700 residents. The latest community to join the largest not-for-profit owner, operator and developer of LPCs is The Evergreens, located in New Jersey. Founded in 1919 by the Episcopal Diocese of New Jersey, the community now […]
The owner of two assisted living communities wasn’t in the mood to settle for second-best when it worked with Ziegler to refinance its existing permanent financing and receive a lower interest rate. The two communities are located in Redding, California, and include a stand-alone assisted living community with 60 units and an 85-unit assisted living/memory […]
Most people think of the HUD 232 program as a financing tool used by for-profit entities. But not-for-profits can take advantage of the low rates as well. A case in point was the recent $94.3 million HUD loan arranged by Bill Mulligan and Ashley Wilkens of Ziegler for a senior living campus in North Central Florida. With […]
Griffin-American Healthcare REIT IV gained a foothold in the state of Wisconsin by acquiring two senior care facilities that include independent living, assisted living and also skilled nursing beds. Located in the Madison suburbs of Waunakee and Sun Prairie, the facilities total 254 beds, with the seniors housing portion featuring 100% private pay, and the […]
Ever prolific, Ziegler closed over $115 million in bond financings on behalf of two CCRC clients. The larger of the closings totaled $75 million and was arranged for a 483-unit CCRC in Seattle, Washington. Founded in 1961, the community is affiliated with the Pacific Northwest Conference of the United Church of Christ and features 378 […]
With its roots in antebellum South Carolina, a 178-unit CCRC in West Columbia is repositioning itself for the future with a planned expansion of its skilled nursing and assisted living services. The South Carolina Episcopal Home at Still Hopes has been in operation since 1975 and sits on a 43-acre site that includes a 107-year […]
When Vermont’s first CCRC, Wake Robin, was ready to expand its services and its campus to accommodate for its growing demand, it turned to Ziegler to arrange a $67.1 million bond financing to fund the project. Situated near Lake Champlain in a wooded 123-acre campus with many walking trails, the not-for-profit community got its start […]
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 […]
Last week, we hosted a 90-minute webinar called “Seniors Housing M&A: The Numbers, the Deals and the 2017 Forecast” with panelists Arnold Whitman of Formation Capital, Bill Mulligan of Ziegler and Alan Plush of HealthTrust, and Steve Monroe moderating. The panel discussed our 2016 M&A statistics for the skilled nursing, assisted living and independent living […]