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GAINESVILLE, Fla. — Ziegler has arranged $16.6 million in bond financing for Oak Hammock at the University of Florida, a nonprofit continuing care retirement community in Gainesville.
The community sits on an approximately 135-acre campus and consists of 269 independent living units, 46 assisted living units, 24 memory care units and 73 skilled nursing beds.
The proceeds of the bonds will be used to refinance outstanding 2017 debt and finance approximately $1.9 million of capital expenditures.
The 2021 bonds will be followed by the $39 million in bonds scheduled for forward delivery in July 2022, which will refinance other bonds from 2012.