HIGH POINT, N.C. — Ziegler, a specialty investment bank, has arranged a $66.1 million bond issue for Maryfield Inc., a North Carolina not-for-profit that owns and operates Pennybyrn at Maryfield, a continuing care retirement community (CCRC) in High Point.
Finance
LA PORTE, Texas and METHUEN, Mass. — In two separate transactions, Lancaster Pollard has arranged financing for Happy Harbor Apartments, an affordable seniors housing community in La Porte, and Nevins Nursing & Rehabilitation Center, a skilled nursing facility in Methuen.
MUNSTER, Ind. — Ziegler, a specialty investment bank, has closed a $58.6 million tax-exempt, fixed-rate Series 2015 Bond issue through the Indiana Finance Authority for Community Foundation of Northwest Indiana (CNFI), which operates three not-for-profit hospitals and a continuing care retirement community (CCRC).
ATLANTA — AdCare Health Systems Inc. (NYSE: ADK), an investment company specializing in seniors housing, has closed an underwritten public offering of 575,000 shares of its 10.875 percent Series A cumulative redeemable preferred stock at a public offering price of $25.75 per share.
BETHESDA, Md. — Lancaster Pollard has consolidated and refinanced multiple loans for Eden Homes, a four-community portfolio of assisted living facilities in Bethesda, into a single $5.7 million loan. The four communities are each in residential areas and designed to look like a single-family home.