Senior Living

Ziegler, in partnership with M&T Realty Capital Corporation, is pleased to announce its role as financial advisor in a $15,145,000 Fannie Mae refinancing on behalf of Essex Communities to refinance the existing debt on Carriage Oaks, a 55+ age-restricted independent living community in St. Charles, Illinois.

Ziegler, in cooperation with NIC, is pleased to present the results of our latest Ziegler NIC Lender Survey covering the fourth quarter. The purpose of this survey is to provide greater transparency to developers, owners, operators and other capital markets professionals investing in senior housing and skilled nursing communities. We will continue these meaningful surveys on a quarterly basis in order to provide key data points over time.

Ziegler is pleased to announce the successful closing of the $9,557,500 refinancing on behalf of Eskay Real Estate 2020, Inc., a family-owned post-acute care provider in Southeastern Wisconsin. The FHA Section 232/223(f) program allows Eskay to lower its debt service and eliminate bank-related financing risks.

Ziegler is pleased to announce the closing of Community First Solutions Obligated Group (Butler County, Ohio) Project’s  Series 2021 Bonds. The Series 2021 Bonds consisted of a tax-exempt and taxable series and will be used to partially fund the addition of 14 new independent living units, fund routine capital expenditures, refund a portion of CFS’ outstanding debt, and terminate an existing swap agreement.

In March 2021, a Ziegler CFO HotlineSM survey gathered feedback on a variety of topics related to the impact of COVID-19 as well as moving beyond the pandemic. This particular survey was entitled, “COVID-19: One Year Later” as several questions were also asked of providers one year ago. This year-over-year comparisons allows for an assessment of the overall impact of the pandemic on future organizational plans.

Ziegler is pleased to announce the placement and closing of $38,000,000 Series 2021AB Revenue Bonds for Christian Retirement Homes d/b/a Eastmont in Lincoln, Nebraska. Bond proceeds will be used to finance the expansion of its independent living apartments and common spaces.

Ziegler is pleased to announce it served as the underwriter for Springpoint Senior Living in its refunding of outstanding debt for its Obligated Group. Springpoint operates eight life plan communities in New Jersey and Delaware, 19 affordable housing communities, a home care agency and a continuing care at home program.

In December 2020, a Ziegler CFO HotlineSM survey gathered feedback on technology spending among senior living organizations.

Ziegler is pleased to announce its role as the exclusive financial advisor to Rancho Family Medical Group on a growth investment from LightBay Capital.

Ziegler is pleased to announce the successful closing of $136,770,000 of public bonds and bank capital for Royal Oaks Life Care Community in Sun City, Arizona. Proceeds will primarily be used to fund the Inspirata Point expansion project.