Multi-Site Senior Living

Ziegler is pleased to announce the closing of a $13,600,000 refinancing for an Altitude Health Services affiliate. The HUD 232/223(f) refinance was for a 187-bed skilled nursing facility, doing business as Mountain View Health and Rehabilitation in El Paso, Texas.

In July 2021, a Ziegler CFO Hotline survey gathered feedback related to the future of skilled nursing (SN) and the impact of the pandemic, among other pressures, on skilled nursing providers. Nearly 270 organizations participated in the survey. Roughly 60% were single-site senior living providers, while the remaining 40% represented multi-site providers. The respondent pool is heavily weighted towards Not-for-Profit Life Plan Community organizations.

Ziegler is pleased to announce the successful closing of Westminster’s (Austin, Texas) $56,850,000 Series 2021 Bonds. Bond proceeds will primarily be used to construct the new Carlisle and Windsor buildings. At 5-stories each, the buildings will add independent and assisted living units as well as memory care units and enhance a number of common and dining areas throughout the campus.

Ziegler is pleased to announce the successful closing of Ascentria Care Alliance’s Series 2021 Bonds. Operating 30+ faith-based human service programs throughout New England, Ascentria will acquire the assets of Lutheran Home of Southbury (CT), Lutheran Rehabilitation and Skilled Nursing Center (MA), and Quaboag Rehabilitation and Skilled Care Center (MA).

Ziegler is pleased to announce the successful closing of $115,630,000 of Series 2021A and Series 2021B Bonds for Vicar’s Landing in Ponte Vedra Beach, FL. Bond proceeds will be used refund outstanding bonds and fund an expansion campus to be known as Vicar’s Landing at Oak Bridge.

Ziegler, in cooperation with NIC, is pleased to present the results of our latest Ziegler NIC Lender Survey covering the first quarter. The purpose of this survey is to provide greater transparency to developers, owners, operators and other capital markets professionals investing in senior housing and skilled nursing communities. We will continue these meaningful surveys on a quarterly basis in order to provide key data points over time.

Ziegler is pleased to announce the closing of Friendsview’s $124,220,000 Series 2021A and Series 2021B Bonds. Located in Newberg, OR, Friendsview is planning to expand units in its Springbrook Meadows, and University Village neighborhoods as well as replace its Charles Beals Health Center.

Ziegler is pleased to announce the successful closing of the $33,000,000 follow-on transaction for the Legacy Cares, Inc. Project. Proceeds from this follow-on issuance will be used to: install over 2.1 million square feet of synthetic turf, add over 34,000 square feet to buildings A and B, expand on-site roadways and parking, and increase lighting.

Ziegler is pleased to announce the closing of Ensō Village’s $297,030,000 Series 2021 Bonds. Co-sponsored by The Kendal Corp and the San Francisco Zen Center, this new Zen-inspired community in California marks the first ever Green Bond financing for a life plan community.

Ziegler is pleased to announce its role as exclusive capital structuring advisor in a $48,950,000 debt placement on behalf of Symphony Care Network to finance the acquisition of a portfolio of two skilled nursing facilities and one supportive living facility in Chicago.