Senior Living

The January 2022 Ziegler CFO Hotline poll was devoted to the topic of financial, timekeeping and payroll systems.  Over 260 not-for-profit senior living CFOs and financial professionals from around the country responded to the survey, with 60% representing single-site organizations and 40% multi-site organizations.

In this report, Ziegler Credit Surveillance examines the extent to which COVID-19 affected senior living providers, using its median ratio sample group as a proxy. The report focuses on determining the financial impact on core operations, as well as sifting out the accounting impact of the various governmental aid programs.

For many years we have offered senior living providers and industry professionals high-caliber educational and networking opportunities. While formats may have pivoted the past two years, Ziegler has continued to push forth throughout the pandemic with a robust research agenda and subsequent sharing of that information across various venues and outlets.

Ziegler in partnership with M&T announces its role as financial advisor in a $8,518,500 Fannie Mae refinancing on behalf of Essex Communities to refinance the existing debt on Carriage Glen, a 55+ age-restricted independent living community in Lincoln, NE.

This week’s Z-News takes a strategic look ahead at the key issues we see on the horizon for providers in 2022. We take this approach every year for the second issue of the year.

Ziegler announces its role as exclusive financial advisor in a bridge loan placement totaling $52,000,000 on behalf of Island Paradise Investments dba Kalakaua Gardens, a 208-bed/164-unit continuing care retirement community located in Honolulu, Hawaii, to refinance the existing debt.

Ziegler announces the successful pricing of Ohio Living’s Series 2022 Bonds. Headquartered in Columbus, Ohio Living owns and operates 12 senior living communities located throughout Ohio. Bond proceeds will primarily be used to refinance outstanding debt.

Ziegler announces the successful closing of Otterbein Homes Obligated Group’s Series 2021B Bonds. Located throughout Ohio and south-central Indiana, the Obligated Group is comprised of nine SeniorLife Communities and nine Neighborhoods. Proceeds from the bonds will be used to refinance outstanding debt and pay the costs of acquiring Kendal at Granville.