Multi-Site Senior Living

Ziegler recently launched Ziegler CFO Hotline poll on the topic of financial, timekeeping and payroll systems. More than 260 not-for-profit senior living CFOs and financial professionals from around the country responded, with 60% representing single-site organizations and 40% multi-site organizations. This report highlights the key findings from that survey.

A specific group monitored by Ziegler’s Credit Surveillance and Analytics (ZCS) team are the tax-exempt borrowers of public debt with in senior living & care. This week’s Z-News highlights a recent report detailing the impact on financial ratios and other measures tracked by the ZCS team.

Ziegler is announces the successful closing of the acquisition of The Cabana at Jensen Dunes on behalf of Convivial Life, Inc., a Florida not-for-profit organization. The community opened in 2016 and is located on 23 acres along Florida’s east coast in Jensen Beach, Florida with approximately 12.34 acres being a nature preserve. It includes 126 rental units consisting of 88 assisted living units and 38 memory support units.

Ziegler is pleased to announce the closing of the Westminster-Canterbury of the Blue Ridge $52,960,000 Series 2022A and 2022B Bonds. Located in Charlottesville, Virginia, WCBR will primarily use Bond proceeds to refund existing indebtedness locking in a historically low cost of capital.

The January 2022 Ziegler CFO Hotline poll was devoted to the topic of financial, timekeeping and payroll systems.  Over 260 not-for-profit senior living CFOs and financial professionals from around the country responded to the survey, with 60% representing single-site organizations and 40% multi-site organizations.

In this report, Ziegler Credit Surveillance examines the extent to which COVID-19 affected senior living providers, using its median ratio sample group as a proxy. The report focuses on determining the financial impact on core operations, as well as sifting out the accounting impact of the various governmental aid programs.

For many years we have offered senior living providers and industry professionals high-caliber educational and networking opportunities. While formats may have pivoted the past two years, Ziegler has continued to push forth throughout the pandemic with a robust research agenda and subsequent sharing of that information across various venues and outlets.

Ziegler in partnership with M&T announces its role as financial advisor in a $8,518,500 Fannie Mae refinancing on behalf of Essex Communities to refinance the existing debt on Carriage Glen, a 55+ age-restricted independent living community in Lincoln, NE.

This week’s Z-News takes a strategic look ahead at the key issues we see on the horizon for providers in 2022. We take this approach every year for the second issue of the year.