Multi-Site Senior Living

Ziegler announces the closing of a financing for Cypress Cove at HealthPark Florida, Inc., for a campus expansion. The financing is comprised of $44,035,000 of Series 2022A Bonds and $24,000,000 of Series 2022B Mandatory Paydown Securities.

Ziegler acted as financial advisor in a $24 million debt placement on behalf of Onelife Senior Living to finance the construction of the to-be-built Esther Assisted Living Community. The Esther will be located in Springfield, OR and will contain 103 assisted living units.

Next week, a group of large-campus life plan community executives will gather at Asbury Methodist Village in Gaithersburg, MD. This group pulls together providers who have substantial individual campuses in terms of unit counts, acreage and overall operational complexity. This Z-News highlights some of the LPC/CCRC data nationally and carves out a picture of these unique communities.

Ziegler announces the successful financing for Wisconsin Illinois Senior Housing, Inc., for a refunding of prior debt. The financing is comprised of approximately $22,460,000 of tax-exempt Series 2022 Bonds along with a $1,531,000 taxable term loan. WISH owns and operates eight skilled nursing facilities, 10 assisted living facilities and one senior independent living facility with campuses primarily across rural Wisconsin.

One of the many thought-provoking discussions at this week’s LeadingAge Leadership Summit was time spent focusing on leadership transitions and succession planning. This issue of Z-News is devoted to trends related to C-Suite recruitment and succession planning.

Ziegler is pleased to announce the successful closing of a financing for Cedar Crest in Janesville, Wisconsin, for a campus expansion and the refunding of prior debt. The financing is comprised of $57,460,000 of Series 2022A Fixed Rate Revenue Bonds and $30 million of bank debt.

The March 2022 Ziegler CFO HotlineSM was recently picked up by Senior Housing News. This has been an annual poll conducted by Ziegler for a number of years, and it is valuable to senior living organizations for budget planning.

Each fall, Ziegler launches a CFO Hotline poll focused on resident monthly fee increases. Given escalating costs and inflationary pressures, the decision was made to re-survey CFOs regarding this topic and assess current industry trends regarding the percentage of increases given to residents.

Ziegler and The 2022 Women in Senior Living Forum, were recently featured in McKnight's Senior Living, the Forum event was part of the Ziegler's celebration of Women’s History Month, which included a panel that shared thought leadership and tackled the role women play in the senior living and care industry. Click the link to view the full article: https://bit.ly/3Nd6qsl

Managing Director, Don Husi, Senior Housing & Care Finance Practice, was recently featured in Senior Housing News, discussing how the lending environment within the senior housing sector became more competitive, with borrowing activity increasing in 2021.