• Janus Living Goes Public After Upsizing IPO

    by | Mar 20, 2026 4:09 pm | Uncategorized

    Janus Living, a Healthpeak Properties-formed REIT and now the only publicly traded U.S. REIT fully dedicated to seniors housing with its entire portfolio structured under RIDEA, has launched its initial public offering of Class A-1 common stock. The company is now listed on the NYSE under the ticker “JAN.” It plans to pay a quarterly dividend of... Read More »

  • Partnership Acquires Two Long Island Communities

    by | Mar 20, 2026 3:11 pm | Acquisitions

    Two Long Island assisted living communities were sold by their original developer/operator. Village Green Senior Living in Levittown (opened in 2020) and Village Walk Senior Living (opened in 2018) in Patchogue were acquired by a partnership between Fundamental Advisors, Scribner Capital and Atria Senior Living. They will be renamed Atria... Read More »

  • Artemis Real Estate Partners Purchases Class-A Community

    by | Mar 20, 2026 3:02 pm | Acquisitions

    The developer of a Class-A seniors housing community in the Minneapolis, Minnesota MSA, has passed the torch to a new owner. Pillars of Lakeville, now known as The Crest at Lakeville, sits on 1.8 acres. Oppidan Investment Co., a company that developed multiple Pillars senior living properties in Minnesota, acquired the land from Crossroads... Read More »

  • Stand-Alone Memory Care Community Gets New Owner

    by | Mar 20, 2026 3:01 pm | Acquisitions

    1031 CF Properties, a leading DST investor, acquired a stand-alone memory care community in the Spokane, Washington MSA. Built in 2005 with expansions in 2007 and 2013, Generations Memory Care offers 48 private units with 28,472 square feet on 2.067 acres. The seller was an investment group based in northern California that purchased the asset in... Read More »

  • Not-for-Profit Closes First Public Bond Issue in 20+ Years

    by | Mar 20, 2026 3:00 pm | Financings

    Ziegler announced the closing of a $30.0 million tax-exempt fixed rate bond issue for Butterfield Trail Village, Inc. (BTV). The Series 2026 bonds were issued through The Fayetteville Public Facilities Board. BTV is a not-for-profit corporation founded by five local churches in 1981 to own and operate a continuing care retirement community on... Read More »
Ziegler Closes Financing For Not-For-Profit Owner/Operator

Ziegler Closes Financing For Not-For-Profit Owner/Operator

by | Dec 16, 2021 4:36 pm | Financings

Ziegler has closed a series of bonds for Otterbein SeniorLife to acquire Kendal at Granville, a CCRC located in Granville, Ohio. Now renamed Otterbein Granville, the not-for-profit owner/operator will use proceeds from Series 2021B bonds to acquire the community and subsequently use the proceeds from the acquisition to refund the community’s Series 2015 bonds, acquire certain leased property on the campus and pay the cost of issuance.  The bonds consist of $24.5 million of tax-exempt Series 2021B bonds and $20.5 million of tax-exempt forward delivery Series 2023 bonds scheduled to close in April 2023. Proceeds of the Series 2023 bonds will be used to refund Otterbein’s... Read More »
Radiant Senior Living Sells AL Community in Washington

Radiant Senior Living Sells AL Community in Washington

by | Dec 13, 2021 9:37 am | Acquisitions

Ziegler announced its role as exclusive sell-side advisor to Radiant Senior Living in the sale of South Pointe Assisted Living, a 42-unit independent living and assisted living community located in Everett, Washington. Radiant, a West-Coast-based family-owner and operator of senior care communities, acquired the community in 2020 as part of a larger portfolio transaction including one other community in the Greater Seattle area as well as another community in Bozeman, Montana. The portfolio, which featured a majority of assisted living units, reportedly sold for just under $200,000 per unit.   Prior to acquiring the community from the previous lessor, Radiant... Read More »
Ziegler Closes Financing for Texas Owner/Operator

Ziegler Closes Financing for Texas Owner/Operator

by | Dec 3, 2021 3:34 pm | Financings

Ziegler has closed $116.1 million of Series 2021 bonds for Methodist Retirement Communities (MRC), a not-for-profit based in Texas which currently owns and operates 13 seniors housing communities throughout the state. Once the bonds are closed, two communities will join four MRC-affiliated communities currently comprising the MRC Obligated Group. Proceeds of the bonds, which are being privately placed with Truist Bank and Hancock Whitney Bank, will be used to refinance the existing indebtedness of the two communities.  Ziegler implemented a “Cinderella” refunding structure where Series 2021 taxable bank bonds (which convert to tax-exempt bonds at the first call date) advance refunded the... Read More »
Ziegler Closes Financing for Philadelphia Operator

Ziegler Closes Financing for Philadelphia Operator

by | Nov 30, 2021 2:22 pm | Financings

Ziegler arranged $39.4 million in bond financing for Simpson, a nonprofit operator based in Bala Cynwyd, a suburb of Philadelphia. Formerly known as Methodist Episcopal Home for the Aged, the borrower operates three CCRCs in the region: Simpson House in Philadelphia, Simpson Meadows in Downington and Jenner’s Pond in West Grove. In total, the portfolio includes 482 independent living, 56 personal care, 118 assisted living and 178 skilled nursing units. As a result of this financing, Simpson’s entire capital structure now comprises all public, fixed-rate bonds. Proceeds from this deal will refinance existing bonds from 2015 and fund capital expenditures, among other uses.  Read More »
Ziegler Closes Financing for Florida CCRC Operator

Ziegler Closes Financing for Florida CCRC Operator

by | Nov 29, 2021 10:20 am | Financings

Ziegler closed a $16.645 million bond series for Oak Hammock at the University of Florida, Inc. (Oak Hammock), a not-for-profit corporation formed in 1998 to own and operate a large CCRC in Gainesville, Florida. The 135-acre campus consists of 269 independent living units, 46 assisted living units, 24 memory support units and 73 skilled nursing beds. All of the skilled nursing beds are Medicare certified and currently maintain a five-star CMS rating.  The proceeds of the Series 2021 bonds will be used, together with other available funds, to refinance outstanding Series 2017B Notes, finance approximately $1.876 million of capital expenditures, and fund a debt service reserve... Read More »