Ziegler Arranges $38M Financing for Eastmont CCRC Expansion in Lincoln, Nebraska

LINCOLN, Neb. — Ziegler has arranged $38 million in bond financing for Eastmont, a continuing care retirement community (CCRC) in Lincoln.

Proceeds of the Bonds, along with other available funds, will be used to finance an expansion project. Transforming Age operates the community, which opened in 1968.

Currently, the community comprises 121 independent living apartments, 53 assisted living apartments and 22 skilled nursing beds. The expansion will add a four-story building featuring 50 independent living apartments. In addition, Eastmont plans to convert 10 assisted living apartments into five penthouse independent living apartments and to add several common spaces and amenities including a new pool and fitness center, performing arts center, bistro, porte-cochere, outdoor spaces and new entrance.

Perkins Eastman partnered with Eastmont and Transforming Age to design the expansion.