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Ziegler Closes $73,295,000 Expansion Financing for Penick Village

Ziegler is pleased to announce the successful closing of Penick Village’s $73,295,000 Series 2024A and 2024B Bonds. Located in Southern Pines, NC, Penick Village is carrying out an expansion to their campus, consisting of 44 new independent living apartments with underbuilding parking; a new 5,000 square foot wellness center; a new welcome/guard house and renovations to the health care center.