HJ Sims is pleased to announce the successful closing of a September 2021, $8.781 million taxable note on behalf of Clark Lindsey Village. Established in 1978, Clark Lindsey Village is a not-for-profit Life Plan Community located in Urbana, Illinois. Today, the campus encompasses all levels of care with 147 units of Independent Living; 12 units of Memory Care and Assisted Living; as well as 105 beds dedicated to Skilled Nursing. It is one of eight communities in the nation to have earned the designation as a “Center for Successful Aging.”
Continue readingAn Exclusive Investment Opportunity: Wesley Woods of Newnan
HJ Sims Market Commentary: Oases of Care
November is Long Term Care Awareness Month, and this year marks the 20th anniversary of the annual designation. As one of the top capital funding sources for continuing care retirement communities and other senior living facilities, HJ Sims understands that 70% of men and women over the age of 65 will have need for some type of long-term care in the coming years.
Continue readingHJ Sims Market Commentary: No Fugue in D Minor this Halloween
Johann Sebastian Bach’s Toccata and Fugue in D minor is one of the most famous pieces of Baroque organ music ever written and its opening notes still send chills up the spines of Halloween party-goers. At this writing, however, no traders are humming these unforgettably eerie notes as we head into month-end and All Hallows’ Eve.
Continue readingHJ Sims Assists United Church Homes Acquire Pre-built Start-up Independent Living Campus
HJ Sims is pleased to announce the successful closing of a July 2021 financing in the amount of $26.3 million for United Church Homes (UCH). Sims was hired to assist UCH in connection with securing financing to acquire the Polaris Retirement Community from Polaris Retirement Living Properties, LP. A newly built independent senior living community for those 55 and older having 136 one- and two-bedroom apartments located north of Columbus, OH.
Continue readingHJ Sims Market Commentary: Seasons of Change
Third quarter corporate earnings reporting season began in earnest last week and stock prices rose as investor alarm over rising inflation, supply disruptions, and waning consumer sentiment notched down a bit with strong bottom line results and positive forward guidance.
Continue readingHJ Sims Market Commentary: Wise Owls and Head Spinners
In the animal kingdom, owls have the highest degree of head rotation. We humans cannot attempt such flexible maneuvers, but as investors, as advisors, as managers, as parents and caregivers, we would sure love to have a 360-degree view of the world at all times, to be able to see whatever is coming from any direction so as to avoid trouble as well as pounce on opportunity.
Continue readingAn Exclusive Investment Opportunity: Searstone 2021
HJ Sims Assists Landis Homes in Securing Bank Financing for a New Independent Living Campus in Downtown Lancaster and Refinancing of Variable Rate Bank Debt with Fixed-Rate Bond Debt
HJ Sims Market Commentary: Pace of the Year-end Race
Here we are in the final quarter of the year trying to figure out what we may need to do to help and protect our portfolios, investment goals, families and businesses, between now and year-end. There is a big “Wall of Worry” and less than 60 trading days left, some of which could be very volatile.
Continue readingAn Exclusive Investment Opportunity: Broadview at Purchase College
HJ Sims Market Commentary: Every Endeavor
Over the past 18 months, we have all refashioned our lives, some several times, by choice or circumstances related to health or work or family. We created safe cocoons and, as a result of vaccines and COVID fatigue, burst out of them.
Continue readingU.S. House Ways and Means Committee Proposes Restoring Tax-exempt Advance Refundings
The House Ways and Means Committee introduced the tax proposal connected with the $3.5 trillion budget reconciliation bill, the Build Back Better Act. The tax proposals included therein would restore tax-exempt advance refundings, which have been unavailable to governmental and 501(c)(3) as a means of reducing the cost of capital since the passage of the Tax Cuts and Jobs Act of 2017.
Continue readingHJ Sims Market Commentary: Bicameral Minds
One psychologist theorized that there may have been a time during human evolution when there was no connection between the right and left chambers in the human brain, perhaps ancient people had a bicameral mind in which one side of the brain made command decisions and the other side listened and obeyed. Many of us are of two minds about the momentous decisions being made in Washington in the coming weeks.
Continue readingHJ Sims Market Commentary: Back to Basics
With consumer confidence falling to a six-month low, many consumers are reducing spending and getting back to the basics. Economists are struggling to put the higher prices we are paying into context to rationalize inflation rates, the consumer price index and other spending metrics.
Continue readingHJ Sims Market Commentary: Dancing in the Dark
In the Cherokee creation myth, when plants and animals were first made, they were told to keep awake for seven nights. The plants who succeeded became evergreens, and all others were doomed to lose their “hair” every winter. The animals who stayed up were given the power to “see” in the dark. Investors trying to create or manage a portfolio in current market conditions either feel like their clear vision of the future will guide them while others feel like they are just dancing in the dark.
Continue readingPositive HUD Program Developments
We’ve all heard the expression the “Dog Days of Summer”. Think hot, sultry, languid days, with not much of anything going on. Sims Mortgage Funding questions that if nothing is going on in the HUD mortgage insurance space, what can we glean from this reprieve?
Continue readingHJ Sims Market Commentary: Forward Settlements
In the process of forward deliveries, we rely upon the close relationships that our veteran sales executives maintain with major buyers, enabling us to structure bonds with prevailing fixed rates for settlement or delivery at a future date.
Continue readingAn Investment Opportunity: Landis Homes
HJ Sims Market Commentary: From Evacuations to Vaccinations to Denominations
We are literally mid-summer and whether we are in the middle of our vacation or our workweek, we are never more than a few minutes away from a device blasting the latest headlines from every corner of the globe and even news from outer space.
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