Sunday, May 11, 2025
Read the Magazine Subscribe

CCRC

CCRCFinanceNewsNorth Carolina

Ziegler Arranges $76.1M Financing for Nonprofit Owner-Operator EveryAge

by Jeff Shaw

NEWTON, N.C. — Ziegler has arranged $76.1 million in bond financing for EveryAge, a Newton-based nonprofit owner-operator formerly known as United Church Homes and Services. The company was founded in 1961 to develop and manage seniors housing properties in the Southeast. The bonds affect the borrower’s three continuing care retirement communities: Abernethy Laurels in Newton; Piedmont Crossing in Thomasville, North Carolina; and Lake Prince Woods in Suffolk, Virginia. The financing was achieved through four separate bond issues: $22.2 million in fixed-rate bonds to refund a series of 2017 bonds and …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCFinanceMichiganNews

Ziegler Arranges $42.9M in Bond Financing for Holland Homes in Grand Rapids, Michigan

by Jeff Shaw

GRAND RAPIDS, Mich. — Ziegler has arranged a total of $42.9 million in bond financing for Holland Homes, a nonprofit owner-operator. Holland Home was formed in 1892 and operates 12 facilities on two campuses totaling 1,167 units, all in Grand Rapids. The bonds were issued in two separate transactions. The Economic Development Corp. of the City of Kentwood issued $9.9 million in bonds, which will be used to pay for capital improvements at the Breton Woods continuing care retirement community campus. A second set of bonds, totaling $33 million, will …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCFinanceNewsVirginia

Ziegler Arranges $71.3M Bond Financing for Williamsburg Landing CCRC in Virginia

by Jeff Shaw

WILLIAMSBURG, Va. — Ziegler has arranged $71.3 million in bond financing for Williamsburg Landing, a continuing care retirement community (CCRC) in Williamsburg. Williamsburg Landing is located on 138.6 wooded acres and was founded in 1982. Since opening its doors, the community has grown to include 317 independent living apartments, 72 assisted living units, 24 memory care units and 73 health and rehabilitation units. Over the years, Williamsburg Landing has borrowed for its capital needs with direct bank bonds, resulting in a complex capital structure with 14 separate obligations provided by …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceNewsVirginia

Walker & Dunlop Arranges $300M Construction Loan for The Mather in Tysons, Virginia

by Jeff Shaw

TYSONS, Va. — Walker & Dunlop, Inc. has arranged $300 million in construction financing for The Mather, a high-rise continuing care retirement community in the Washington, D.C. suburb of Tysons. A 50/50 partnership between Mather and Westminster Capital is developing the building. The project was announced in 2017, the land acquisition was completed in 2019 and pre-sales began this past summer. The transit-oriented project will comprise two buildings with 300 independent living apartments, 16 assisted living apartments, 20 memory support suites and 42 private nursing suites that will be built …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceGeorgiaNews

Ziegler Arranges $170.6M in Bond Financing for Canterbury Court in Atlanta

by Jeff Shaw

ATLANTA — Ziegler has arranged a total of $170.6 million in bond financing for Canterbury Court, a continuing care retirement community (CCRC) in Atlanta’s upscale Buckhead neighborhood. Canterbury Court was founded in the early 1960s by the All Saints Episcopal Church and St. Luke’s Episcopal Church. The community currently features 187 independent living apartments, 18 personal care apartments and 42 nursing care beds. Proceeds from the bonds will be used to implement a phased expansion and renovation project at the community. The first phase includes replacing the existing healthcare facilities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultAssisted LivingCCRCIndependent LivingIndustry ContentMemory CareOperationsSkilled NursingTechnologyVideosWebinars

Webinar: Seniors Housing — Lead Generation Lessons from Active Adult Communities

by Sarah Daniels

  What can traditional seniors housing operators learn from successes in the active adult community segment, especially when it comes to generating interest and inquiries? How can active adult communities improve their own marketings strategies? These were the questions that Seniors Housing Business‘ latest webinar “Seniors Housing — Lead Generation Lessons from Active Adult Communities” sought to answer on Oct. 6. This webinar, sponsored by LeadingResponse, covered the following topics and more when it comes to best practices for marketing in the senior living space: Julie Podewitz, Vitality Living, explains …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCCRCDevelopmentFinanceNews

Ziegler Arranges $104.1M Bond Financing for Friendship Village of Tempe Expansion Project

by Jeff Shaw

TEMPE, Ariz. — Ziegler has arranged $104.1 million in bond financing to fund an expansion project at Friendship Village of Tempe, a continuing care retirement community in Tempe. The property currently features a 554-unit retirement center including garden homes and apartments, a 67-unit assisted living building, 24 memory care beds, a 128-bed skilled nursing center and a 14-bed hospice unit. The expansion, which is Phase II of the campus master plan, will add a five-story building that replaces a former 60-unit apartment building with 64 entrance-fee apartments and a new …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentIllinoisNews

Smith Senior Living Completes $23M Modernization of Skilled Nursing Facility in Chicago

by Jeff Shaw

CHICAGO — Smith Senior Living has completed a $23 million modernization project of the skilled nursing facilities, known as Johanson Wing, at Smith Village in Chicago. Completed six months early, the project finishes a $74 million campus transformation that began in 2006. Smith village offers the full continuum of care, including independent living, assisted living, memory care, rehabilitation and skilled nursing. The Johanson Wing now houses private suites for short-term rehab patients along with private rooms and a few shared rooms for skilled nursing care residents. To provide more private …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentNew HampshireNews

Edgewood Senior Solutions Breaks Ground on 190-Unit The Baldwin CCRC in New Hampshire

by Jeff Shaw

LONDONDERRY, N.H. — Edgewood Senior Solutions Group of Massachusetts has broken ground on The Baldwin, a continuing care retirement community (CCRC) in Londonderry, approximately 45 miles northwest of Boston. The developer describes presales as “brisk” and expects to open the community in summer 2023. “What we’ve seen in the senior living industry over the past 18 months is that a well-managed senior living community has been a great place to live during the pandemic,” says Marlene Rotering, CEO of The Baldwin and its sister community, Edgewood Retirement Community in North …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCCRCDevelopmentFinanceNews

Ziegler Arranges $120M Bond Financing for Nonprofit Owner-Operator HumanGood

by Jeff Shaw

PLEASANTON, Calif. — Ziegler has arranged $120 million in tax-exempt bond financing for HumanGood, a nonprofit owner-operator based in Pleasanton. HumanGood was formed with the merger of American Baptist Homes of the West and be.group in 2017. The company owns and operates 14 continuing care retirement communities (CCRCs throughout California, totaling 2,188 residential living apartments, 477 assisted living apartments, 161 memory support suites and 656 skilled nursing beds. The bonds will be used to fund capital projects and renovations at 13 of its 14 campuses. Projects will include upgrades to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts