Senior Living

Ziegler announces the successful closing of Sunset Manor’s $52,100,000 Series 2024 Bonds. With four facilities located in Jenison, Grandville, and Grand Haven, Michigan, Sunset will use Bond proceeds to refund existing debt and finance capital expenditures.

Once a quarter, we feature an issue of Z-News that is devoted to recommended reading. These lists include newly released research reports, hot-topic white papers or noteworthy articles that have meaningful information for the senior living & care sector. The list of reading materials below range in topics from demographics to risk management to philanthropy, among others.

Last week, nearly 200 attendees met in Chicago for the 7th Annual Ziegler Link•age Fund Symposium. This year’s event included attendees from Ziegler Link•age Funds, inclusive of Limited Partners, Portfolio Companies, and other strategic partners. The day-long event featured innovation, technological advancement, creative partnerships and solutions to some of today’s greatest challenges within the senior living sector.

Ziegler is pleased to announce the successful closing of the Series 2024A/B Bonds for the benefit of Shell Point Retirement Community. Located in Ft. Meyers, FL and ranked the largest single-site life plan community according to the 2023 LeadingAge Ziegler 200, Shell Point will use the bond proceeds to construct 58 independent living units in a 14-story building to be known as Vista Cay in the Island neighborhood.

We are at the midpoint of 2024 and wanted to provide an update on the not-for-profit senior living & care sector with respect to merger, acquisition, and affiliation activity. We continue to see record-level activity among organizations exploring the benefits of a potential affiliation with another not-for-profit, as well as scenarios where a disposition/sale may be the most logical alternative.

In July 2024, a Ziegler CFO Hotline^SM survey once again gathered feedback on technology spending among senior living organizations. This survey with input from LeadingAge CAST, has been polled every two years since 2012.

It is well known among senior living providers that the industry is on the cusp of a demographic boom as the next generation of retirees enter the market. The 80+ population is set to grow by roughly 40% by 2030. These future senior living residents are eagerly seeking out varied and sophisticated dining options, have a strong focus on health & wellness, and have more advanced technology needs than those before them. As providers continue to explore the best ways to serve this population, however, one key component is missing: there are simply not enough units for the upcoming surge in demand.

Ziegler is pleased to announce the successful pricing Carolina Meadows’ $76,170,000 Series 2024 Bonds. Incorporated in 1983 and located in Chapel Hill, NC, Carolina Meadows plans to construct a replacement nursing facility that will total approximately 122,000 square feet and offer a progressive new care model.

For more than 16 years, Ziegler has hosted an annual Institutional Investor Workshop for active institutional buyers in the tax-exempt senior living marketplace. Roughly 50 analysts, portfolio managers and directors from throughout the country will be attending this week’s workshop to receive the latest education on the senior living industry, to network with one another, and to exchange dialogue with Ziegler leadership from the banking and trading sides of the business.

Ziegler is pleased to announce the successful closing of FellowshipLIFE’s Series 2024 Bonds and Taxable Term Loan in an aggregate par amount of $42,500,000 for the purchase of Applewood, a 408-unit CCRC in Freehold, NJ. Ziegler facilitated a bank search which resulted in multiple proposals for the acquisition.