Multi-Site Senior Living

For more than 15 years, Ziegler has hosted an annual Institutional Investor Workshop for those active institutional buyers in the tax-exempt senior living marketplace. This year’s annual event is taking place this week at Ziegler’s headquarters in Chicago.

Ziegler announces its role in the closing of $25,340,000 of Series 2023 Bond Anticipation Notes for Forefront Living San Antonio. Proceeds will primarily be used to finance the cost of acquiring a 27 acre tract of land in the city of San Antonio as well as the preconstruction development costs of a new senior living community to be known as Bella Vida at La Cantera.

Just last week, the U.S. Census Bureau released a new report entitled, America is Getting Older. For those of us in the sector, this was not a shocking headline per se, but the data they reported on is an important reminder of where we stand as an aging nation today and into the future.

Many senior living provider organizations are not aware that HUD has construction lending programs. Yes, it is true! HUD is a significant source of capital for the sector. Read more in this week’s Z-News.

Each quarter, we feature a more in-depth analysis on the Life Plan Community (LPC) occupancy, analyzed from a number of different angles. This quarterly feature is to the credit of the team at National Investment Center for Seniors Housing & Care (NIC) and their ability to further analyze the LPC segment. The following write-up delves deeper into their findings for Q1 2023.

Ziegler announces the successful closing of the $61,300,000 Aldersly Series 2023 Bonds. Located in San Rafael, CA, Aldersly will primarily use the bond proceeds to fund the construction of a 35-unit residential care facility. The Series 2023 Bonds are rated “AA-” by Standard & Poor’s based on credit enhancement provided by the Cal-Mortgage Loan Insurance Program.

The most recent Ziegler CFO Hotline poll was devoted to the topic of Succession Planning, which was  previously covered in 2013, 2015 and 2018, allowing for historical comparisons. Over 230 not-for-profit senior living CFOs and financial professionals responded to the survey.

Ziegler, in partnership with M&T Realty Capital Corporation, is pleased to announce its role as financial advisor in a $105,600,000 Freddie Mac refinancing on behalf of The Ridge Senior Living to underwrite the existing debt on The Ridge Pinehurst, a luxury independent living, assisted living & memory care community in Lakewood, Colorado. The award-winning 371-unit community began opening in phases in September 2020.

Ziegler is pleased to announce its role as exclusive financial advisor to Marquee Capital (formerly, Berengaria Development) on the sale of Terova Senior Living, a 101-unit senior living community located in Mequon, WI. Inspired Healthcare Capital purchased the property and its affiliate manager, Volante Senior Living, took over operations. This represents the second Wisconsin acquisition for IHC.