Ziegler Arranges $42.3M Financing for John Knox Village in Lee’s Summit, Missouri

by Jeff Shaw

LEE’S SUMMIT, Mo. — Ziegler has arranged $42.3 million in bond financing for John Knox Village, a continuing care retirement community (CCRC) in the Kansas City suburb of Lee’s Summit.

The Industrial Development Authority of the City of Lee’s Summit issued the bonds.

John Knox Village is one of the nation’s largest nonprofit, single-site offering 948 independent living units ranging from single-family homes to apartments, 106 assisted living units, 76 memory care units and 122 skilled nursing beds. The community also provides home health, hospice, outpatient therapy, ambulance services, private duty nursing and related social, health and wellness programs in addition to its full spectrum of senior living services.

The borrower will use the bond proceeds to finance the cost of replacing an existing 35-unit building with a new 52-unit building to be called Courtyard E.

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