ASHA 2022 Mid-Year Meeting

The American Seniors Housing Association (ASHA) is at the forefront of advancing the interests of executives engaged in the development, ownership, operations and financing of seniors housing. They are the premier source for research, conferences and advocacy, and our commitment to excellence makes us an outstanding investment for busy executives. 

We look forward to connecting at the meeting.

Attending:

REQUEST INFORMATION ON THIS PRESENTATION

As we continue to experience fluctuations in our capital markets, HJ Sims is committed to Tracking the COVID-19 Impact.

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LeadingAge MA 2022 Annual Exhibition

Momentum.

We look forward to connecting at the LeadingAge Massachusetts Exhibition.

Sponsorship:

HJ Sims is proud to be a Gold sponsor for LeadingAge Massachusetts. 

Visit the HJ Sims booth on the EXPO Floor, and start a conversation today. 

Attending:

REQUEST INFORMATION ON THIS PRESENTATION

As we continue to experience fluctuations in our capital markets, HJ Sims is committed to Tracking the COVID-19 Impact.

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LeadingAge OH September Governance Webinar Series

Thursdays in September from 11am – 12pm ET

Help Your Board Hit the Governance Bullseye

LeadingAge Ohio and HJ Sims invite you to join this exciting webinar series with your board members as HJ Sims provides a series of comprehensive virtual content geared directly toward the governance of senior living providers. The series will benefit all leaders in our field, especially board members, leadership teams and those new to these roles. Each session will tap the intellectual capital of industry experts from governance, law, finance, development, and strategic planning. Invite your board members and plan to attend the entire series for maximum impact!

We look forward to connecting at the LeadingAge Ohio Webinar Series.

 

Session One: Role of The Board

Session Date & Time: Thursday, September 8, 11:00 am – 12:00 pm ET.

Session Description: This session will highlight the unique roles of the board and management, how they partner to enhance organizational performance, and leading practices that help them in this journey.

Session Panelists: 

  • Moderator: Lynn Daly, Executive Vice President, HJ Sims
  • Moderator: Jim Bodine, Executive Vice President, HJ Sims
  • Chris McNiven, President & Opportunity Architect, Aspire Consulting Partners, Inc.
  • Joan Lampe, Transformation Agent & Strategic Implementer, Aspire Consulting Partners, Inc.
Learn more and Register

Session Two: Legal Responsibilities of Boards ***Rescheduled***

Session Date & Time: Thursday, October 6, 11:00 am – 12:00 pm ET.

Session Description: This session will address the legal responsibilities of boards which include accepting and encouraging the need to keep moving, rejecting paralysis, fighting the resistance to hunker down, maintaining board recruitment and educational efforts, as well as CEO succession planning and recruitment.

Session Panelists: 

  • Moderator: Lynn Daly, Executive Vice President, HJ Sims
  • Moderator: Jim Bodine, Executive Vice President, HJ Sims
  • Presenter: Lisa C. Keenan, Principal, Miles & Stockbridge
Learn more and Register

Session Three: A Board’s Role in Mergers & Acquisitions, Strategic Affiliations and Sponsorship Transitions

Session Date & Time: Thursday, September 22, 11:00 am – 12:00 pm ET.

Session Description: This session provides insight into mergers, acquisitions and divestitures, affiliations and sponsorship transitions such as board preparedness and alignment in priorities when considering these strategic activities.

Session Panelists:

  • Moderator: Lynn Daly, Executive Vice President, HJ Sims
  • Moderator: Jim Bodine, Executive Vice President, HJ Sims
  • Presenter: Doug Helman, Executive Director, Otterbein Granville SeniorLife Community
  • Presenter: Molly Ingold, Board Chair, Otterbein Granville Board
  • Presenter: Pam Richmond, Chief Strategy Officer, Otterbein
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Session Four: Governing During Challenging Times

Session Date & Time: Thursday, September 29, 11:00 am – 12:00 pm ET.

Session Description: In this session, a panel of CEO’s will share best practices and lessons learned in governing during difficult and challenging times.

Session Panelists:

  • Moderator: Lynn Daly, Executive Vice President, HJ Sims
  • Moderator: Jim Bodine, Executive Vice President, HJ Sims
  • Presenter: Rev. Kenneth Daniel, President/CEO, United Church Homes
  • Presenter: Brett Kirkpatrick, President & CEO, Community First Solutions
Learn more and Register

Continuing Education for Each Session:

1.0 clock hour will be awarded upon successful completion. Pending BELTSS approval.

1.2 CPE hours will be awarded upon successful completion.

This program has been approved for Continuing Education for 1.0 total participant hours per session by NAB/NCERS—Approval #20230907-1-A86350-DL (Session 1), #20230914-1-A86374-DL (Session 2), #20230914-1-A86374-DL (Session 3), #20230928-1-A86376-DL (Session 4). 

Criteria for successful completion: Attendance at entire event and submission of completed evaluation form.

LeadingAge Ohio is an approved provider by the Board of Executives of Long Term Services and Supports. Core of knowledge subject areas: Finance; Leadership and Management.

As stated in the Ohio Administrative Code Rule 4723-14-05, education that has been approved by a board or an agency that regulates a health care profession in Ohio or another jurisdiction is an acceptable option to meet nursing continuing education requirements.

LeadingAge Ohio is an approved CPE Sponsor from the Accountancy Board of Ohio, CPE.379, expiration date: 5.31.2023.

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HJ Sims Market Commentary: Strictly Personal, 87 Years Later

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In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

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2022 CARF Accreditation Matters Webinar

Accreditation Matters: Insights from the newly updated Consumer Guide to Life Plan Communities

Join CARF and publication partners Herbert J. Sims & Co., Inc. and RKL, LLP for a free webinar highlighting the guide.

Description:

For CCRCs/life plan communities (LPCs), accreditation reflects the community’s voluntary commitment to quality, which involves a substantial investment of time and energy. Learn how to communicate this important achievement and what it means to current and prospective residents, their families, your team members, and others. Join CARF, along with our publication partners, RKL and H.J. Sims, for a presentation on the newly updated Consumer Guide to Life Plan Communities: Quality and Financial Viability and gain valuable tips for leveraging your investment in accreditation.

Time: 3:00 – 4:30PM ET

Presenters:

  • James Bodine, Executive Vice President, HJ Sims
  • Jeffery Boland, Partner, Senior Living Services Consulting Group, RKL, LLP
  • John Jenkins, Resident of Frasier, a CARF-accredited CCRC in Boulder, CO
REGISTER NOW
REQUEST INFORMATION ON THIS PRESENTATION

As we continue to experience fluctuations in our capital markets, HJ Sims is committed to Tracking the COVID-19 Impact.

Learn More

LeadingAge Arizona 2022 Annual Conference & Expo

Momentum.

We look forward to connecting at the LeadingAge Arizona Conference & Expo.

Sponsorship:

HJ Sims is proud to be a Silver Sponsor for LeadingAge Arizona. 

Visit the HJ Sims booth on the EXPO Floor, and start a conversation today. 

Attendance:

START A CONVERSATION

As we continue to experience fluctuations in our capital markets, HJ Sims is committed to Tracking the COVID-19 Impact.

Learn More

HJ Sims Market Commentary: Thoroughfares and Flows

HJ Sims Logo

In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

Continue reading

LeadingAge NY 2022 Annual Conference & Expo

We look forward to connecting at the LeadingAge New York Conference & Expo.

Visit HJ Sims at booth #49 on the EXPO Floor, and start a conversation today.

Sponsorship:

HJ Sims is proud to be a Gold Sponsor for LeadingAge New York. 

Educational Session: The Senior Living Industry and Capital Markets Today and Tomorrow

Session Date & Time: Wednesday, May 25, 9:00 – 10:00 am (ET)

Session Description:

Two senior bankers at HJ Sims will discuss efficient and innovative ways to finance development, acquisitions and expansions – including a review of HJ Sims’ most compelling recent financings. Learning Objectives: Bankers will provide an overview of the current financing environment and its impact on financing structures and capital availability. Learn about the latest financing programs available to provide financing for senior living organizations’ growth needs. Discover the most efficient and affordable ways to refinance debt, finance development, and fund acquisition and growth opportunities today and in the near future. Review case studies of innovative approaches to accessing capital. 

Featured Speakers:

Attending:

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An Exclusive Investment Opportunity: The Gathering Place

**This financing has been successfully closed. Please contact your advisor for any potential secondary market opportunities.**

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$25,315,000*
ARLINGTON HIGHER EDUCATION FINANCE CORPORATION

Education Revenue Bonds
TGP Public Schools d/b/a The Gathering Place
Series 2022

Series 2022A Education Revenue Bonds $25,135,000*
Series 2022B Taxable Education Revenue Bonds $180,000*

HJ Sims is pleased to serve as sole underwriter for The Gathering Place, a single-site charter school in its second year of operations in San Antonio, Texas.

The Gathering Place is one of the only public schools offering project-based learning (“PBL”) in San Antonio and the surrounding market. The school currently serves K-3 students, and will grow organically by one grade level per year to reach K-8. The Gathering Place is already educating over 500 students in year two of operation for grades K-3 due to the high-demand PBL model. At full enrollment, the school will serve more than 1,400 students each year. The school received 461 applications for an estimated 175 new seats available for the 2022-23 school year, leaving 286 students on the waitlist.

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About the Bonds

  • Series 2022A Education Revenue Bonds $25,135,000*
    • Non-rated, tax-exempt
    • Bonds are exempt from Federal Income Tax
    • Minimum denominations of $5,000
    • Interest will be payable on February 15 and August 15 of each year, commencing February 15, 2023
    • First principal payment: August 15, 2029
    • Final maturity: August 15, 2062 (multiple maturities offered)
  • Series 2022B Taxable Education Revenue Bonds $180,000*
    • Minimum denominations of $5,000
    • Interest will be payable on February 15 and August 15 of each year, commencing February 15, 2023
    • Principal payment: August 15, 2024

Use of Bond Proceeds

  • Exercise lease purchase option for land and buildings
  • Fund playground for school
  • Fund debt service reserve fund & costs of issuance

Security

  • Secured by a Construction Fund
  • Secured by a Debt Service Reserve Fund
  • Gross revenue pledge

 Key Financial Covenants

  • 1.10x Debt Service Coverage Ratio, tested annually
  • 45 Days Cash on Hand ratio, tested annually

We are currently accepting indications of interest for these tax-exempt bonds with an expected pricing the week of April 25, 2022, and anticipated settlement during the week of May 9, 2022. 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 professional as soon as possible.

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888.650.0871

*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 TGP Public Schools d/b/a The Gathering Place.

LeadingAge Michigan 2022 Annual Conference

HJ Sims will be there – start a conversation with one of our expert not-for-profit team members specializing in structuring and underwriting senior living and long term care financings.

 

Educational Session: Senior Living Change and Growth – Future Ready!

Session Date & Time: Tuesday, May 24th, 4:15-5:15pm (ET)

Session Description:

Due to demographics and the eminent change our consumer demand as well as the increased challenges in dealing with Skilled Nursing and the shrinking work force – life plan communities must change and adapt to be successful and ‘future-ready.’

Presenters will discuss ways providers are changing to adapt to future needs. Hear from an architect, a marketing expert and a banker about examples on models of senior living that are already starting to challenge traditional communities. They will explore how communities can do more with less by offering service flexibility and focusing on qualitative vs. quantitative experience. Two Providers who are/have undergone significant change are Clark Retirement Communities, who merged into a larger NFP Senior Living System, while growing on their own campus, and Resthaven, who is in the process of building/opening two new campuses. Hear from the Providers how their changes adapt to their organization’s perceived needs for the future.

Learning Objectives: 

  1. Discover how demographic projections and major economic disruptors like the pandemic, labor shortages and soaring home prices will impact senior living communities and their consumers for years to come, including how LPCs are doing more with less.
  2. Existing / traditional Life Plan Communities can transform themselves to meet new or changing markets while staying true to their mission.
  3. Learn from two real case studies, how Western Michigan providers have embraced change and growth to best prepare their organizations for the future. Understand their thought-process and their stake-holder’s (residents, staff, board’s) reaction to their bold changes.

Featured Speakers:

  • Lynn Daly, Executive Vice President, HJ Sims
  • Brian Pangle, CEO, Clark Retirement Communities
  • Deedre Vriesman, CEO, Resthaven
  • Hoppy Sell, Tandem
  • Margaret Yu, RLPS
START A CONVERSATION

As we continue to experience fluctuations in our capital markets, HJ Sims is committed to Tracking the COVID-19 Impact.

Learn More

LeadingAge California 2022 Annual Conference & Expo

HJ Sims will be there – start a conversation with one of our expert not-for-profit team members specializing in structuring and underwriting senior living and long term care financings. 

Educational Session: The Power of Innovative Senior Services Boards

Session Date & Time: Monday, May 16, 4:15-5:15 pm (PDT).

Session Description: Not-for-profit senior living management teams expect their boards to be forward-thinking, strategic, and innovative – enabling these same attributes within the organizations they serve. Innovation at the board level is a function of various elements – including when there is a defined strategic direction and best practices in place. What are the roles of the board? What does an effective board look like? What are some tools boards can use to remain focused on their organizations’ mission? How should boards respond when facing unexpected changes? Related to strategy, specifically: Is strategic thinking a strategy? Does the board or management create the strategic plan? Join us with board and executive management representatives of one or more senior services providers, for an informative discussion that will explore elements of an innovative board.

Learning Objectives: 

  1. Identify common issues experienced by not-for-profit senior services boards and best approaches to avoidance/correction and solutions
  2. Understand the responsibilities of board members and their role in determining the strategic direction of the organization
  3. Gain tools for adjusting to change and spearheading innovation following the organization’s vision and mission
  4. Develop solutions around board “tension areas”

Featured Speaker:

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LeadingAge Illinois 2022 Annual Meeting & Expo

Evolution.

We look forward to connecting at the LeadingAge Illinois Meeting & Expo.

Educational Session: The Power of Innovative Senior Services Boards

Session Date & Time: Wednesday, May 18, 10:30-11:30 am.

Learning Objectives: 

  1. Learn the twelve principles of governance
    that power exceptional boards and how
    they can be applied to an organization
  2. Gain an understanding of how to shift the
    board from crisis management back to
    strategic planning
  3. Understand the roles and responsibilities of
    post-pandemic governing boards and be
    able to share that wisdom with a board

Educational Session: Navigating Turbulent Times: A Strategic Approach to Setting Your Community’s Course for the Future!

Session Date & Time: Wednesday, May 18, 4:00-5:00 pm.
 

Learning Objectives: 

  1. Learn how to engage in a strategic planning
    process and apply outcomes to successful
    community re-positioning
  2. Discover how to leverage current and
    emerging demographic and financial
    statistics to strengthen the financial future
    of senior living communities
  3. Learn how to apply new design trends
    in senior living to both large and
    small-scale projects

Featured Speaker:

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