Post-acute Care

Ziegler announces its role as financial advisor in raising financing of $35,250,000 on behalf of Hill Valley Healthcare to acquire a rental CCRC located in Farmville, VA. The community, The Woodland, offers independent living, assisted living and skilled nursing services.

In mid-March, Ziegler surveyed LeadingAge Ziegler 200 organizations to gather feedback on management fees charged to their sponsored/affiliate communities. This has been a recent hot topic among CFOs as multi-site organizations have worked to identify the appropriate formula for the current environment and unique attributes of their organization.

Ziegler announces the successful closing of the Westminster Canterbury Richmond $193,195,000 Series 2022A, 2022B and 2022C Bonds. One of the nation’s premier life plan communities and located in Richmond, VA, proceeds of the Series 2022 Bonds will primarily be used to fund a major campus expansion project.

Ziegler announces its role as exclusive financial advisor in raising financing of $20,525,000 on behalf of Comprehensive Care Capital to acquire two senior housing communities, Banyan Place – Boca and Banyan Place – Lantana. Both offer independent living, assisted living and memory care services.

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.

Ziegler, in cooperation with NIC, is pleased to present the results of our latest Ziegler NIC Lender Survey. 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.

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.

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.

Ziegler announces its role as exclusive financial advisor in a bridge loan placement totaling $52,000,000 on behalf of Island Paradise Investments dba Kalakaua Gardens, a 208-bed/164-unit continuing care retirement community located in Honolulu, Hawaii, to refinance the existing debt.

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.