Financings Zeigler Closes $30M For Florida-Based Community Zeigler announed the successful closing of $30 million of Series 2022 Bonds for a Florida-based life plan community. The community — called Vicar’s Landing — will use these funds along with other funds to finance a portion of an ongoing expansion plan, fund a debt service reserve fund, […]
Ziegler
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 […]
A majority of non-profit senior living operators are sticking to their growth plans, even as workforce shortages and construction pressures continue to make doing so complicated. According to Ziegler’s CFO Hotline report for August, 58% of non-profit senior living operators say they are moving forward with their growth pipelines as planned this year. The report, […]
Acquisitions Commonwealth Adds 3, Expands to New State Commonwealth Senior Living announced it added three senior living communities, all located in Michigan, marking Commonwealth’s first footprint in the Great Lakes State. The communities — located in New Baltimore, Grand Rapids and East Paris — are all undergoing renovations totaling more than $22 million. The communities, […]
Financings Ziegler Closes on $197M for Construction, Development Ziegler announced the successful closing of $197.7 million in Series 2022 Bonds that will be used for acquiring, developing and building a Texas-based senior living community for Forefront Living. Formerly known as Forefront Living Plano, the Outlook at Windhaven Forefront Living is a planned senior living community […]
Non-profit senior living bond financing was down in the first half of this year compared to 2021 as cost inflation drove the market. That’s according to the 2022 Mid-Year Update, a new report that Chicago-based capital investment bank Ziegler released last week. Non-profit senior living tax-exempt debt issuance for the first half of 2022 was […]
Financings Ziegler Closes $71 M for Virginia Community Ziegler announced the successful closing of $71 million Series 2022A and 2022B bonds for Shenandoah Valley Westminster-Canterbury (SVWC). SVWC is a nonprofit organization that operates a Westminster, Virginia-based life plan community with nearly 400 residents with 218 independent living units, 48 assisted living units, 12 memory care […]
Sales SLIB Aids in Sale of Georgia AL Community Senior Living Investment Brokerage (SLIB) announced its role in the sale of an Atlanta-area assisted living community. The community, called Laurel Lodge Assisted Living, includes 72 units in Cleveland, Georgia, which is located about 90 miles northeast of Atlanta. Laurel Lodge was at 100% occupancy at […]
Senior living operators are on average spending more of their operating budgets on marketing in 2022, and more of them are offering sales commissions than they did seven years prior. That’s according to the latest CFO Hotline survey from Chicago-based specialty investment bank Ziegler, which collected responses from 195 CFOs and other financial professionals with […]
Transactions Almanac Invests in Pathway to Living Parent Waterton Almanac Realty Investors has acquired a passive, minority ownership stake in Waterton, the national real estate investor and operator that is the parent company to Pathway to Living. Chicago-based Waterton – known for residential and real estate operations – has since last year been exploring a […]
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