Senior Living

Ziegler is pleased to announce the closing of Redstone Presbyterian SeniorCare Obligated Group’s Series 2021 Bonds. Redstone is a Pennsylvania corporation operating nearly 500 senior living units on three campuses. Proceeds from the bonds will primarily be used to refund existing bank debt.

Ziegler is pleased to announce the successful closing of the EveryAge’s (formerly United Church Homes and Services) $76,140,000 Series 2021A-D Bonds. Headquartered in North Carolina, the EveryAge Obligated Group consists of three life plan communities. Bond proceeds will primarily be used to refund existing debt.

Ziegler is pleased to announce the successful closing of Holland Home‘s Series 2021 Bonds and pricing of $32,960,000 Series 2022 Bonds. Headquartered in Grand Rapids, Michigan, Holland Home currently operates 12 facilities on two campuses. Proceeds from the Series 2021 Bonds will be used for capital improvements to Holland Home’s Breton Woods campus. Proceeds from the Series 2022 Bonds will primarily be used to refund existing debt.

Ziegler is pleased to announce the pricing of Williamsburg Landing’s $71,330,000 Series 2021 Bonds. A life plan community located on 138.56 wooded acres along the bank of College Creek in Williamsburg, Virginia, Williamsburg Landing will use the bond proceeds to primarily refund existing bank obligations.

Ziegler is pleased to announce the closing of a $38,680,000 fixed rate financing for PHW Muskego, an affiliate of Presbyterian Homes and Services, for the construction of a new senior living community, Stair Crest, in Muskego, Wisconsin.

Ziegler is pleased to announce the closing of Canterbury Court’s $124,805,000 Series 2021A/B Fixed Rate Bonds and $45,800,000 Series 2021C Direct Bank Bonds. Located in the Buckhead-Brookhaven neighborhood of Atlanta, Georgia, proceeds from the bonds will be used to fund a campus enrichment project in two phases, including the construction of 105 new independent living apartments in a 10-story Garden Tower, 28 replacement independent living units and renovations to dining and common areas.

Ziegler is pleased to announce the successful closing of Friendship Village of Tempe’s $104,135,000 Series 2021 Bonds. A client of Ziegler’s dating back to the community’s inception in 1980, FVT will use the bond proceeds to refinance outstanding debt and fund Phase 2 of its campus master plan.

Ziegler announces the closing of HumanGood’s $120,000,000 Series 2021 Bonds. The Obligated Group Members own and operate 14 CCRCs throughout California. Rated “A-” rating from Fitch, proceeds from the Bonds will be used to fund capital projects and renovations at the various HumanGood communities.

Tabitha Grand Island is a Nebraska nonprofit corporation that was established in 2019 for the purposes of constructing and operating Tabitha at Prairie Commons, a new senior living community consisting of 81 independent living apartments, an assisted living center consisting of 20 assisted living units and 20 memory care units, and a 36-bed nursing facility.

Ziegler announces the closing of eliseo’s $91,910,000 Series 2021 Bonds. eliseo owns and operates a CCRC in Tacoma, Washington. Proceeds will primarily be used to fund construction of 91 new independent living units (50 apartments and 41 villas), a new dining venue, as well as renovations to multipurpose and meeting rooms, administrative offices and the entrance to the Health Center. An additional portion will refinance existing debt.