Ziegler Arranges $109.4M Bond Financing to Expand The Buckingham CCRC in Houston

by Jeff Shaw

HOUSTON — Ziegler, a specialty investment bank, has arranged $109.4 million in tax-exempt, fixed-rate bonds for The Buckingham, a 323-unit continuing care retirement community (CCRC).

Nonprofit operator Senior Quality Lifestyles Corporation (SQLC) manages The Buckingham, which is located on a 23-acre plot in the affluent Memorial/Tanglewood neighborhoods of Houston.

The community currently comprises 204 independent living apartments, 43 assisted living units, 16 memory support units, and a health center with 60 nursing beds.

The bonds will be used to expand The Buckingham to include a new tower featuring 106 additional independent living units, 27 additional assisted living units, 18 additional memory care units, 32 additional skilled nursing beds, an underground parking garage with 111 total spaces and an additional 292 surface level spaces.

SQLC operates five communities in Texas with a total of 1,586 units.

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