An Exclusive Investment Opportunity: John Knox Village

$72,480,000*
City of Pompano Beach, Florida
Tax-exempt Revenue and Revenue Refunding Municipal Bonds
Series 2020
(John Knox Village)

HJ Sims is pleased to serve as the sole underwriter for John Knox Village of Florida, Inc. (John Knox) is a 501(c)(3) corporation incorporated and existing under the laws of the State of Florida. John Knox owns and operates a Life Plan Community (LPC) located on approximately 65 acres in the City of Pompano Beach, Broward County, Florida. John Knox has grown from a small retirement community, consisting of a three-story building and 24 triplexes surrounding a lake, to the second largest CCRC in the State, and is comprised of 654 independent living units with various common areas; 62 assisted living units and associated common areas; and 194-bed skilled nursing suites (total 912 units).https://www.hjsims.com/johnknoxvillage

About the Bonds

  • Series 2020
    • $72,480,000*
    • Rated “A- Negative Outlook“ by Fitch Ratings
    • Tax-exempt from Federal Income Tax
    • Minimum denominations $5,000

 Use of Proceeds

  • Campus improvements, including the development of a community pavilion that houses a performing arts center, dining and other amenities
    • $41.5mm in project costs
      • $36.16mm in Pavilion Project costs
      • $5.4mm reimbursement in capital expenditures previously incurred
    • Refunding of $19.075mm in outstanding Series 2010 Bonds
    • Repayment of $12.2mm Line of Credit
    • Fund 20 months’ of Capitalized Interest
    • Fund a Debt Service Reserve

Security

  • Revenue Pledge
  • First Mortgage
  • Debt Service Reserve Fund

Key Financial Covenants

  • Debt Service Coverage Ratio – 1.10x tested on an annual basis
  • Days Cash on Hand – 100 days tested on an annual basis
  • Additional Debt Test
  • Limitations on Transfers

We are currently accepting indications of interest for these tax-exempt revenue bonds with an expected pricing week of October 19, 2020, and anticipated settlement week of October 26, 2020. For more information including risks, please read the Preliminary Official Statement in its entirety. If you have interest in purchasing these bonds, please contact your HJ Sims financial advisor, as soon as possible or call 877.577.3364.

*Subject to change

No dealer, broker, salesperson, or other person has been authorized to give any information or to make any representation other than those contained in the Preliminary Official Statement and, if given or made, such other information or representation should not be relied upon as having been authorized by the Issuer, the Borrower, or the Underwriters. The information set forth herein has been obtained from the Issuer, Borrower, and other sources that are believed to be reliable, but is not guaranteed as to accuracy or completeness by, and is not construed as a representation of, the Underwriters. The information contained herein is subject to change without notice. Under no circumstances shall this constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering or solicitation will be made only to investors pursuant to the Preliminary Official Statement, which should be read in its entirety. Investments involve risk including the possible loss of principal. HJ Sims is a member of FINRA and SIPC, and is not affiliated with John Knox Village.

LeadingAge Annual Meeting Virtual Experience

Thank You to All Who Joined Us (Virtually)

Women’s Brunch to kick off the LeadingAge Annual Meeting

Enjoy some highlights and virtual selfies from our brunch.

Thank You to All Who Joined Us (Virtually)

Women’s Brunch to kick off the LeadingAge Annual Meeting

Date:  Tuesday, November 10th, 2020

Time:  11:30am – 12:30pm EDT

Details:  We look forward to hosting you at our HJ Sims Women’s Brunch.

Registration is required to obtain access to event information, and receive a special token to make our virtual brunch memorable.

If you have not yet registered, please do so using the Registration Form below.

Where:  Zoom. 

As far as keynote conversations go, we are incredibly grateful for Amy Harrison, Chief Financial Officer, Kendal Corporation. Her story is inspiring, and exemplifies the glass ceilings we are breaking as women leaders. It leaves us with hope for the future. Some highlights from Amy:

  • Amy shared her experiences about making career decisions based on personal values and beliefs. And, how important it is to work for an organization and with colleagues that have shared values and beliefs.
  • We acknowledge that the last 8+ months have been incredibly challenging on those of us who are working from home; or more accurately…living at work. We are not alone.
  • We also acknowledge that while a great number of us are working from home, a great many of the leaders at providers have been practically living at work as they combat this virus on the front lines. We thank you all for the sacrifices you have made and continue to make.
  • Let’s keep the dialog going. 

Keynote Speaker

Amy Harrison
Chief Financial Officer
Kendal Corporation 

We are honored to welcome Amy as she shares her thoughts and perspective on her professional journey.

A certified public accountant and experienced finance executive, Amy has been an integral part of the Kendal Corporation family since 2011 as CFO for Collington, a Kendal-affiliated continuing care retirement community (CCRC) in suburban Washington, D.C. Amy was named Kendal’s CFO in 2016.

Following our dynamic keynote with Amy Harrison, we broke into smaller, more intimate group discussions  to share ideas and experiences. Discussions centered around navigating life in our socially distanced times. In keeping with the theme from the LeadingAge Annual Meeting, we shared Dr. Brené Brown’s message, 10 Guideposts for Wholehearted Living, as a foundation for our discussions.

Q&A for Keynote Submission Form

Please submit your question.

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Women’s Brunch Registration Form

Please complete this form to register for the Women’s Brunch.

  • Please include your current mailing address to receive a special token of our appreciation.
  • This field is for validation purposes and should be left unchanged.