Multi-Site Senior Living

Ziegler is pleased to announce the successful placement and closing of a nearly $48,000,000 financing for Tabitha Grand Island, Inc. for the construction of a new senior living community, Tabitha at Prairie Commons, in Grand Island, Nebraska.

Ziegler is pleased to announce the successful closing of The Forest at Duke’s $44,415,000 Series 2021 Bonds. The CCRC will primarily use the proceeds to fund a 90-unit expansion and renovation project at its Durham, North Carolina campus.

This whitepaper – titled “Volume 2: An Overview of Workforce Solutions” – serves as the second release in our technology-related publications and focuses exclusively on solutions that address labor-related challenges in the smart aging sector.

In May 2021, a Ziegler CFO Hotline survey gathered feedback related to COVID-19 vaccinations and the impact of the pandemic, among other pressures, on provider insurance policies. Several of the questions were also asked of providers this past March, the comparisons of which are detailed in this report.

Ziegler is pleased to announce the successful closing of the $39,235,000 of Series 2021 Bonds for Londonderry Village in Palmyra Pennsylvania. Proceeds will be used to refinance existing debt and fund an independent living expansion.

Ziegler, in cooperation with NIC, is pleased to present the results of our latest Ziegler NIC Lender Survey covering the fourth 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 successful closing of the $9,557,500 refinancing on behalf of Eskay Real Estate 2020, Inc., a family-owned post-acute care provider in Southeastern Wisconsin. The FHA Section 232/223(f) program allows Eskay to lower its debt service and eliminate bank-related financing risks.

Ziegler is pleased to announce the closing of Community First Solutions Obligated Group (Butler County, Ohio) Project’s  Series 2021 Bonds. The Series 2021 Bonds consisted of a tax-exempt and taxable series and will be used to partially fund the addition of 14 new independent living units, fund routine capital expenditures, refund a portion of CFS’ outstanding debt, and terminate an existing swap agreement.

In March 2021, a Ziegler CFO HotlineSM survey gathered feedback on a variety of topics related to the impact of COVID-19 as well as moving beyond the pandemic. This particular survey was entitled, “COVID-19: One Year Later” as several questions were also asked of providers one year ago. This year-over-year comparisons allows for an assessment of the overall impact of the pandemic on future organizational plans.

Ziegler is pleased to announce the placement and closing of $38,000,000 Series 2021AB Revenue Bonds for Christian Retirement Homes d/b/a Eastmont in Lincoln, Nebraska. Bond proceeds will be used to finance the expansion of its independent living apartments and common spaces.