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THE WOODLANDS, Texas — Ziegler has arranged $116.1 million in bond financing for Methodist Retirement Communities (MRC), a nonprofit owner-operator based in the Houston suburb of The Woodlands.
The borrower owns 13 seniors housing communities throughout Texas.
The transaction brings The Crossings and Crestview under the same financing structure as four other MRC communities, while refinancing that debt. The bonds are privately placed with Truist Bank and Hancock Whitney Bank.