VINELAND, N.J. — Live Well Senior Living Inc. has secured $45.6 million in bonds to finance the development of a new senior living community in Vineland, roughly 40 miles south of Philadelphia. Ziegler arranged and underwrote the financing.
Upon completion, Live Well Cottages at Vineland will total 130 units.
Distinctive Living will manage and operate the community. “Live Well Cottages addresses one of the most pressing challenges in senior housing today — affordability without sacrificing quality or choice,” says Joe Jedlowski, founder and CEO of Distinctive Living. “The cottage and pocket-neighborhood model offers older adults a residential experience that supports independence while providing access to care. From an operational standpoint, it is a scalable platform that can be deployed efficiently in markets across the country to solve the affordability gap in senior housing.”