

Ziegler Finances South Carolina CCRC Expansion
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 old mansion. It currently features 192 independent living units, 24 memory care units, 22 rehab beds and 40 skilled nursing beds, but the not-for-profit ownership wanted to construct a new health center that would house 48 skilled nursing beds (to replace the existing 40 beds) and 22 assisted living units. To fund the project, Ziegler closed a $39.33 million bond... Read More »
Ziegler Arranges Bond Financing For First Vermont CCRC
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 in 1984 and currently features 212 independent living, 51 skilled nursing and 31 residential care units. However, strong demand led the owners to expand each of the CCRC’s offerings, adding 38 new independent living units, 10 residential care units, six skilled nursing units, in addition to renovating the common areas and the existing skilled nursing facility.... Read More »
Ziegler’s June Surge
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 »