Investment bank Ziegler announced on Dec. 15 that it successfully closed a $12,065,000 fixed-rate bond issue for Shell Point Retirement Community, a Type-A continuing care retirement community located in Fort Myers, Fla. The community has a “BB” rating with a stable outlook by Standard & Poor’s. The Shell Point Obligated Group consists of The Christian […]
Ziegler
Specialty investment bank Ziegler announced on Dec. 12 that it successfully closed a $7 million fixed-rate tax-exempt bond issue for Total Longterm Care, Inc. TLC was formed in December 1989 to establish Colorado’s first Program of All-inclusive Care for the Elderly (PACE), and it began its PACE operations in Denver. Since then, it’s grown from […]
Ziegler announced the closing of a $31.2 million non-rated, fixed-rate bond issue for Peterborough Retirement Community at Upland Farm, Inc. RiverMead was formed in 1991 and the original continuing care retirement community campus at RiverMead opened in December 1995. RiverMead’s existing campus is situated on a 56-acre site in south central New Hampshire in the […]
dSpecialty investment bank Ziegler announced on Thursday, Dec. 15 the successful closing of a $28,295,000 non-rated bond issue for MRC Crestview’s Bryan, Tex. retirement community. MRC Crestview, formed in 1962, is a Texas non-profit corporation that became part of Methodist Retirement Communities (MRC), a Texas non-profit system that gives management and support services to MRC […]
Ziegler announced the closing of a $18.9 million fixed rate issuance for Sunset Retirement Communities. Sunset is a 501(c)3 non-profit organization which was founded in 1871 as the Home for Friendless Women, providing care and housing for women with limited financial means and without family or friends to care for them. Sunset currently operates two […]
Construction has begun on The Terraces at Bonita Springs, Fla., for a $70 million senior living community that is 80% reserved. Investment bank Ziegler announced on Thursday that is has closed a $143,120,000 non-rated, fixed-rate issue for the community. “Start-up senior living communities are among the most difficult project financings to complete in today’s challenging […]
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