A newly formed venture was under contract to acquire a highly occupied skilled nursing community in the Southwest. The Borrower’s ownership team combined the strength of an experienced local executive management team with a nationally recognized skilled nursing owner and operator.
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HJ Sims Partners with Good Shepherd Village at Endwell to Refinance Bank-Held Bonds and Provide Funds for Community Improvements. Good Shepherd Village at Endwell, Inc. is a fee-for-service continuing care retirement community located in Endwell, New York approximately 8 miles west of Binghamton consisting of 74 independent living cottages, 80 independent living apartments, 16 assisted living units, 16 memory care units and 32 skilled nursing beds.
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HJ Sims Successfully Completes $48.5 Million Refinancing and Expansion Project with 15-year Bank Commitment for Peter Becker Community, a not-for-profit life plan community located on a nearly 100 acre campus in Harleysville, Pennsylvania.
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HJ Sims Completes $264.6 Million Expansion and Forward Refundings of Four and Nearly Seventeen Months with Long-Time Client, Searstone, Using Fixed-Rate Bonds and Entrance Fee Principal Redemption Bonds
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Continue readingOur team of market analysts have a singular mission: to help you make better investment decisions. Read the latest market commentary.
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HJ Sims executes complex current and advanced refundings for Maple Knoll Communities in anticipation of a pending affiliation. Maple Knoll Communities is an Ohio not-for-profit corporation that owns and operates two Continuing Care Retirement Communities.
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HJ Sims Partners with Brandermill Woods, a rental senior living community located outside of Richmond, Virginia, to Generate Cash Flow Savings and Early Debt Repayment via a 15-Year Fully Amortizing Bank Loan Exceeding Client’s Expectations.
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Continue readingHJ Sims is pleased to announce the successful closing of a November 2021, $398.1 million tax-exempt and taxable bond issue for Purchase Senior Learning Community, Inc., formed to develop a new university-based retirement community, Broadview at Purchase College, being constructed on the State University of New York Purchase College campus in Purchase, NY.
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HJ Sims Raises $398 Million for New University Based Retirement Community on SUNY Purchase College Campus Employing Ground Leasehold Mortgage to Secure Bonds. Upon becoming President of the State University of New York – Purchase College in 2003, Thomas Schwarz assembled a committee to explore the possibility of developing a senior living community on the college campus.
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$32,520,000*
NORTH CAROLINA MEDICAL CARE COMMISSION
Revenue and Refunding Bonds
Plantation Village, Inc. Project
Series 2021A Bonds*
HJ Sims is pleased to serve as sole underwriter for Plantation Village, Inc., the only nonprofit Life Plan Community in Wilmington, North Carolina. Plantation Village offers independent living and access to a continuum of care, and is located on approximately 56-acres in a desirable and growing area of North Carolina. The community, which was established in 1982 with the campus opening in 1988, has grown and expanded since its inception. The Community currently includes 245 independent living units in the form of cottages, duplex homes, villas, and market-rate apartments, with an additional 44 independent living units through their 2021 expansion on target for completion by December 2022. With the completion of the expansion, the community will have multiple indoor/outdoor dining venues, a game room, a cinema, a board room, an arts studio, an auditorium, a dog park and beautiful walking paths.
Plantation Village has a shared agreement with neighboring Davis Community to provide healthcare services such as assisted living and skilled nursing.
About the Bonds
Use of Bond Proceeds
Project
Security
Key Financial Covenants
We are currently accepting indications of interest for these tax-exempt bonds with an expected pricing the week of November 15, 2021, and anticipated settlement during the week of December 2, 2021. 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.
*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 Plantation Village, Inc.
Our team of market analysts have a singular mission: to help you make better investment decisions. Read the latest market commentary.
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The Ohio Masonic Home owns and operates three life plan communities across Ohio, including Browning Masonic Community in Waterville, OH, Springfield Masonic Community in Springfield, OH, and Western Reserve Masonic Community in Medina, OH, as well as a foundation outside of the Obligated Group.
Continue readingHJ 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.”
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$15,085,000*
Residential Care Facilities for the Elderly Authority of Coweta County
Revenue Bonds
Wesley Woods of Newnan – Peachtree City, Inc. Project
Series 2021 Revenue Bonds*
HJ Sims is pleased to serve as sole underwriter for Wesley Woods of Newnan–Peachtree City, Inc., a life plan community located in the Newnan area of Coweta County of Georgia, and managed by Wesley Woods Senior Living, Inc. The Community currently consists of a total of 168 units: 84 independent living apartments, 16 independent living cottages, 8 memory care apartments, 37 assisted living apartments and 23 skilled nursing suites. All healthcare at this community is 100% private pay. Wesley Woods of Newnan is the only life plan community in the market area.
About the Bonds
Use of Bond Proceeds
Project
Security
Key Financial Covenants
We are currently accepting indications of interest for these tax-exempt bonds with an expected pricing the week of November 8, 2021, and anticipated settlement during the week of December 2, 2021. 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.
*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 Wesley Woods of Newnan – Peachtree City, Inc.
