Multi-Site Senior Living

Ziegler is pleased to announce the successful closing of Friendship Village of Tempe’s $104,135,000 Series 2021 Bonds. A client of Ziegler’s dating back to the community’s inception in 1980, FVT will use the bond proceeds to refinance outstanding debt and fund Phase 2 of its campus master plan.

Ziegler announces the closing of HumanGood’s $120,000,000 Series 2021 Bonds. The Obligated Group Members own and operate 14 CCRCs throughout California. Rated “A-” rating from Fitch, proceeds from the Bonds will be used to fund capital projects and renovations at the various HumanGood communities.

Tabitha Grand Island is a Nebraska nonprofit corporation that was established in 2019 for the purposes of constructing and operating Tabitha at Prairie Commons, a new senior living community consisting of 81 independent living apartments, an assisted living center consisting of 20 assisted living units and 20 memory care units, and a 36-bed nursing facility.

Ziegler announces the closing of eliseo’s $91,910,000 Series 2021 Bonds. eliseo owns and operates a CCRC in Tacoma, Washington. Proceeds will primarily be used to fund construction of 91 new independent living units (50 apartments and 41 villas), a new dining venue, as well as renovations to multipurpose and meeting rooms, administrative offices and the entrance to the Health Center. An additional portion will refinance existing debt.

This has been an annual poll conducted by Ziegler for a number of years and is valuable to senior living organizations for budget planning. Nearly 250 not-for-profit senior living CFOs and financial professionals from around the country responded to the survey, with 65% representing single-site organizations and 35% with multi-site organizations. This summary report provides data received from the current survey and also details the historical comparison of changes from previous years.

Ziegler is pleased to announce the closing of $58,240,000 of Series 2021A, Series 2021B Bonds and 2021 Taxable Loan for WindsorMeade Williamsburg (VA). Bond proceeds will primarily be used to refinance existing debt obligations and fund various capital expenditures.

Ziegler is pleased to announce the closing of Mayflower Retirement Center’s $80 million Series 2021 Bonds. Located in Winter Park, FL, Mayflower will use bond proceeds primarily to finance Phase II of an expansion/renovation plan.

Ziegler is pleased to announce the closing of Friendship Village Kalamazoo’s (Michigan) Series 2021 Bonds. A long-standing client, Friendship Village will use proceeds from the Bonds take advantage of the current low interest rate environment and refinance outstanding long-term debt.

Ziegler is pleased to announce the closing of Series 2021 Bonds for Otterbein SeniorLife. Based in Ohio, the obligated group has more than 1,300 independent living units, 450 assisted living units and 1,000 skilled nursing units across its eight SeniorLife Communities and nine Neighborhoods. Proceeds will be used to refund outstanding Series 2011 Bonds brought into the obliged group through an acquisition.

Ziegler is pleased to announce the closing of Terwilliger Plaza’s $154,620,000 Series 2021 Bonds. Terwilliger’s Bonds are rated “BB+” by Fitch. Proceeds will be used to finance The Parkview Project, a 10-story, 127 independent living unit tower with views of Portland’s skyline, Mount St. Helens, Mount Hood, the Willamette River, Terwilliger Hills forested hillsides, and adjacent Duniway Park.