HJ Sims arranges $42M financing package for campus expansion; read more in the HJ Sims’ Newsroom; read more in Senior Housing News.
Four Innovative Financing Strategies for Life Plan Communities to Create Operational Cashflow during COVID-19
With how unpredictable the last year has been, it would be foolish to believe that we can reasonably predict what will happen in the next five years as it relates to Life Plan Community financing and capital markets as a whole.
However, we have learned in recent months that communities can implement innovative financing tactics to create operational cashflow in this current market situation. Here are some thoughts, considerations and possible opportunities for your organization.
Read more insights from Melissa Messina, SVP, HJ Sims, in the Love & Company Blog.
How to Do It… Borrow in a Pandemic
Owner-operators will soon be confronting thorny financial questions as they emerge from the fog of the pandemic. How should skilled facilities prioritize spending? As one banker observed, the capital markets for skilled nursing may not have returned to where they were before COVID-19, but both debt and equity are available for operators who can prove their clinical expertise.
Read more in this McKnight’s article featuring insight from HJ Sims’ Curtis King.
HJ Sims arranges $4M PACE financing for StoneCreek
HJ Sims completed a $3.8 million retroactive Property Assessed Clean Energy (PACE) financing package on behalf of StoneCreek Real Estate Partners and Civitas Senior Living, for StoneCreek Littleton, a 92-unit assisted living and memory care facility in Littleton, Colorado that opened in January 2020. Please read more in Senior Housing News.
Why Small Businesses Matter: HJ Sims
HJ Sims ‘ Managing Principal, Bil Sims, was recently interviewed by the Fairfield Hamlethub. In the article, he discusses HJ Sims’ history, investment banking, bond and wealth management expertise. Read more.
HJ Sims’ client, Broadview Senior Living at Purchase College featured on CBS NY
Broadview Senior Living at Purchase College, a community under development in Westchester County NY and an HJ Sims’ client, is the latest example of bringing together seniors and students to promote lifelong intergenerational learning on a vibrant college campus. Watch the story on CBS NY. Read the HJ Sims Case Study.
HJ Sims arranges $102M financing for New York independent living community
HJ Sims arranges $102M financing for New York independent living community; read more in Seniors Housing News.
HJ Sims Arranges $102.1M Financing for Fountaingate Gardens in Commack, New York
HJ Sims Arranges $102.1M Financing for Fountaingate Gardens in Commack, New York; read more in Seniors Housing Business.
Why a senior facility danced with Cinderella bonds to refinance debt
By Chip Barnett
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A bond underwriter with a specialty in senior living facilities (HJ Sims) is deploying some outside-the-box financing tools for those clients. Read more in the Bond Buyer.
Pandemic deal-making has led to out-of-the-box financing strategies, investment group says
Pandemic deal-making has led to out-of-the-box financing strategies, investment group says; read more in McKnight’s Senior Living.
HJ Sims closes $30M financing package for New York CCRC
HJ Sims in December closed on a $30.03 million financing package for The Bethel Methodist Home, also known as The Knolls, a CCRC in Valhalla, New York. The campus opened in 2002 under the name Westchester Meadows; Bethel Methodist assumed ownership and management in 2016. Read more here in Senior Housing News.
HJ Sims arranges $78M refinancing package for John Knox Village
HJ Sims closed on a $77.6 million refinancing and capital project package on behalf of John Knox Village, a life plan community for age- and income-qualified residents in Pompano Beach, Florida. Read more in Senior Housing News.
Some Changes Made for COVID Will Stick Around, Say Seniors Housing Executives
There are two vaccines for COVID-19 awaiting approval by the U.S. Food and Drug Administration, signaling that there is an end to the pandemic on the distant horizon. However, the impact of the outbreak on the seniors housing industry may be long-lasting.
A group of the industry’s top brass recently suggested that many of the changes made to adapt to the virus may in fact be permanent, and operators should prepare for this.
Read more in Seniors Housing Business.
Inside the $200 Million Senior Living High-rise Reshaping Norfolk’s Skyline
Inside the $200 Million Senior Living High-rise Reshaping Norfolk’s Skyline; read more in Senior Housing News.
HJ Sims Arranges $77M in Financing for Casa de las Campanas CCRC in San Diego
HJ Sims arranges $77M in financing for Casa de las Campanas CCRC in San Diego; read more in Seniors Housing Business.
HJ Sims closes financing packages totaling $174M
HJ Sims arranged a total of $174 million financing packages; read more in Senior Housing News.
HJ Sims arranges $38M for Presbyterian Villages of Michigan expansion
HJ Sims completed a $38.18 million financing package on behalf of Presbyterian Villages of Michigan. Read more in Senior Housing News.
HJ Sims Arranges $38.2M Financing for Presbyterian Villages of Michigan Independent Living Expansion
HJ Sims has arranged $38.2 million in bond financing for Presbyterian Villages of Michigan (PVM), a nonprofit network of seniors housing communities. Read more in Seniors Housing Business.
HJ Sims Arranges $107.4M Bond Financing for Presbyterian Retirement Communities in Florida
HJ Sims Arranges $107.4M Bond Financing for Presbyterian Retirement Communities in Florida; read more in Seniors Housing Business.
HJ Sims Arranges $6.5M Financing for Improvements to Philadelphia Protestant Home
HJ Sims has arranged $6.5 million in financing for capital improvements at Philadelphia Protestant Home (PPH). Read more here in Seniors Housing Business.