Multi-Site Senior Living

Ziegler is pleased to announce its role as exclusive financial advisor to Nesnah Ventures, LLC on the sale of Cannon Rivers Senior Living, a 105-unit senior living community located in Cannon Falls, MN. Eden Senior Care purchased the property and took over operations on November 1, 2022. This represents the fifth acquisition for Eden Senior Care in Minnesota.

In this week’s issue of Z-News, we feature the 150 largest not-for-profit single site senior living communities in the country. This ranking is one of several additional rankings in the 2022 LeadingAge Ziegler 200 publication beyond the primary “LZ 200” organizations.

A recording of today’s Ziegler educational webinar, “Financial Market Update and Unique Opportunities for the Senior Living Sector” is now available for playback. The webinar focused on current market conditions and unique opportunities available in today’s environment. We reviewed both the fixed-rate and bank market as well as discussed secondary market activity and bond buyback opportunities.

Over the past few years, we shared information about the initiative known as “Vision 2025.” Earlier this year, Vision 2025 was renamed The Vision Centre, which also signified the formation of a formal 501(c)3 nonprofit organization. As part of Ziegler’s ongoing commitment to the sector and the mission of The Vision Centre, we wanted to use this week’s issue of Z-News to share more about the organization.

Yes, we are bringing forth the topic of “No Margin, No Mission!” This is a phrase that has been debated for many years. Bottom-line, operating in the senior living & care environment today requires greater resources and sophistication. This week’s Z-News aims to present important points underneath the No Margin, No Mission statement.

Ziegler announces the closing of the La Posada Obligated Group’s Series 2022A and Series 2022B Senior Living Revenue Bonds. Incorporated in 1996 and located in Green Valley, AZ, bond proceeds will be used by La Posada to construct a second location in Oro Valley, AZ to be known as La Posada at Pusch Ridge. Situated on 80 acres, the new community is initially expected to consist of 166 independent living apartments with campus common areas.

Today, Ziegler and LeadingAge release the 19th Edition of the LeadingAge Ziegler 200 (LZ 200) publication. The report details the nation’s 200 largest not-for-profit senior living providers, as well as relevant business trends for the industry.

A report detailing the nation’s 200 largest not-for-profit senior living providers, as well as relevant business trends for the industry.

As many in the sector return home from the LeadingAge Annual Meeting this week in Denver, we thought it made sense to provide additional learning opportunities and resources for our readers. This week’s issue of Z-News highlights our latest “Recommended Reading” list.

Ziegler Credit Surveillance is pleased to present this annual study of 19 financial ratio median and quartile values we deem important for analyzing the credit quality of not-for-profit Continuing Care Retirement Communities. These ratios address profitability, liquidity, cash flow, and capital structure.