Financings

Ziegler Closes $36M for Life Plan Community

Ziegler announced its role in the closing of $36.1 million in Series 2022A notes for Green Cay Life Plan Village Inc., a Florida-based nonprofit corporation.

Green Cay plans to use the proceeds from the notes to acquire about 15 acres of land as well as to finance development and marketing for its planned continuing care retirement community in Boynton Beach, Florida.

Once completed, the community is expected to include 206 units with 174 dedicated to IL, 16 to AL and 16 for memory care in a single three-story building. Greenbrier Development and BRP Senior Housing Management will co-develop the project while Greenbrier Senior Living will manage the community.

Cushman & Wakefield Arranges Sale for Kisco Senior Living

Cushman & Wakefield announced that it arranged the sale of a senior living community in California to a joint venture between an institutional investor and Kisco Senior Living.

The community — called Byron Park — is a 187-unit IL and AL community in Walnut Creek, California. Kisco manages the community and will continue to do so under the new ownership.

Cushman & Wakefield colleagues Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard handled the transaction.

JLL Arranges $37M for Orlando Community

JLL Capital Markets announed it has arranged $37.75 million in financings for a senior living community near Orlando. JLL, led by Alanna Ellis and Allison Holland, worked on behalf of Fortress Investment Group to secure a loan through MidCap Financial Services.

The community — called The Glades at ChampionGates — is a 223-unit luxury community with IL, AL and memory care offerings located in ChampionsGate, Florida. Both one- and two-bedroom units are available and the community offers amenities such as a swimming pool, a movie theatre, an activity room, a fitness center and a salon.