HJ Sims Arranges $55M Bond Financing for CCRC Expansion in Ohio

UPPER ARLINGTON, Ohio — HJ Sims has arranged a total of $55 million in bond financing for First Community Village, a continuing care retirement community (CCRC) in Upper Arlington, a suburb of Columbus.

National Church Residences manages the community. The bonds will be used to fund an independent living expansion at the property, called The Fairfax Project.

The Fairfax Project includes the demolition of 30 existing independent living units, and construction of a four-story independent living building totaling 70 units. The expansion will also add a heated underground parking garage.