Orenda Education (June 2023)

HJ Sims completes $37 million Bank Financing, for campus renewal and replacement projects, at attractive long-term fixed interest rates and terms for New Jersey non-profit LPC – successfully navigating volatile financing conditions.

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Market Commentary: Smiles All Around

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On Capitol Hill, yeoman’s work is needed to achieve consensus on the thorniest of issues, the legislative product of the most contentious of negotiations. This week, the whips on both sides of the aisle and in both chambers of Congress are hard at work trying to rapidly round up votes for a bill that will suspend the debt limit, set some new federal spending guidelines, and address other issues that have, for various reasons, suddenly fallen under the umbrella of extreme urgency. It is not unlike the annual effort to enact a budget framework and then an omnibus spending bill. The whole process is described as being like trying to put socks on an octopus.

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Market Commentary: Putting Socks on an Octopus

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On Capitol Hill, yeoman’s work is needed to achieve consensus on the thorniest of issues, the legislative product of the most contentious of negotiations. This week, the whips on both sides of the aisle and in both chambers of Congress are hard at work trying to rapidly round up votes for a bill that will suspend the debt limit, set some new federal spending guidelines, and address other issues that have, for various reasons, suddenly fallen under the umbrella of extreme urgency. It is not unlike the annual effort to enact a budget framework and then an omnibus spending bill. The whole process is described as being like trying to put socks on an octopus.

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Market Commentary: Pointing Fingers

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Fingers are being pointed in every direction down in the nation’s capital and there is evidently not much humor to lighten the mood. Hard-working Americans once again, through no fault of their own, face serious financial problems as a result of the pandemic, inflation and various fiscal and monetary policies. . Total consumer debt has risen past $17 trillion for the first time according to the New York Fed, and the share of current debt becoming delinquent has increased for the fifth straight quarter for most types of credit.

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Medford Leas (May 2023)

HJ Sims completes $37 million Bank Financing, for campus renewal and replacement projects, at attractive long-term fixed interest rates and terms for New Jersey non-profit LPC – successfully navigating volatile financing conditions.

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Market Commentary: Who Wants This Job?

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All great leaders are defined by how they lead during times of uncertainty and danger. Right now, in the midst of great uncertainty over when or whether our leadership will come to agreement on a new debt limit and spending priorities, we are mostly going
easy on our elected officials. There are few cries for impeachment, no major civil unrest and no major recall elections underway despite high inflation, high interest rates, sky-high federal and household debt, rampant crime, and our grim outlook for the economy.

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Market Commentary: On the Brink Again

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We are near the peak of another debt ceiling drama, one that will keep the world on edge for several more weeks. In the back rooms and basements of federal buildings throughout Washington, away from the principals and cameras, the proverbial frenzy of negotiations is underway. History repeats itself again with a new cast.

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Market Commentary: April Showers Bring… What Next?

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May has arrived with its extra hours of sunlight and the excitement of imminent graduations, reunions, weddings and summer vacations. The dark days of winter and muds of early spring are in the rearview mirror, with all around us looking green and bright. Well, not everything. We just got the taxes behind us, the school year is about to end, and it is prime time for enjoying baseball, basketball, hockey and the NFL draft. But, seemingly out of the blue, we have become seized by worry about our bank accounts now that we have seen three of the four largest bank failures in our history occur in the last two months. Our hopes for buying a new home have been dashed by mortgage rates that are right around the highs of 2003; the 30-year fixed rate is 6.98%. Our wish to sell our home is vexed by the limited pool of eligible buyers who have seen 134 straight months of home price increases.

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Market Commentary: Rhymes

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History doesn’t always repeat itself but, as Mark Twain reportedly once said, it often rhymes. Looking across the investment landscape, we find ourselves facing events and conditions that have been experienced before but are hardly worthy subjects for song or poetry: a debt limit standoff reminiscent of 2011 and 2013, interest rates not experienced in 16 years, inflation rates not seen in 40 years, levels of U.S. debt as a percentage of GDP that now exceed the 1945 peak, a 100-year pandemic, the 25th instance in 123 years of divided party control in Washington, a 1,000-year rainfall, and now a possible repeat of the 2020 presidential contest.

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LeadingAge MN 2022 Institute and EXPO

Hybrid (In-Person and Virtual) Conference
In Person: February 9-11, 2022
Virtual: February 22-24, 2022

Thought Leadership and Educational Session:

The Power of Innovative Senior Services Boards

Session Date & Time: Virtual Institute Experience, Wednesday, February 23, 11:30am – 12:30pm

Back to Business as Usual for Governing Boards

This session is targeted for Board Members, Assisted Living Directors,  Campus Director/Site Leaders, and CEO/Administrators, of assisted living and care centers although anyone is welcome.

  • Learn the 12 principles of governance that power exceptional boards and how they can be applied to your organization.
  • Gain and understanding of how to shift the board from crisis management back to strategic planning.
  • Refresh your knowledge of the roles and responsibilities of governing boards, post-pandemic, and be able to share that wisdom with your board.

Featured Speakers:

  • Lynn Daly, Executive Vice President, HJ Sims
  • Jerry Carley, President/CEO, Benedictine Health System
  • Michael Edwin, Director, Baker Tilly

Contacts:

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

Market Commentary: Dangerous Words

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Things are different than they were at the start of the new year. Several banks have failed, with SVB and Signature now listed among the top four U.S. largest bank failures of all time when measured by total assets. The Federal Reserve launched yet another new rescue program and Pew Research reported that 56% of Americans say banks and other financial institutions have a negative effect on the way things are going in the country these days.

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Market Commentary: Pick and Roll

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It was with a pen, not a buzzer, a 21-gun salute, a balloon drop, fireworks, or confetti parade, that the President signed congressional resolution H. J. Res. 7, ending the COVID national emergency on Monday. He signed the bill behind closed doors without ceremony, bringing no new attention to the execrable pandemic that disrupted and devastated virtually every life on the planet over the course of the last three years.

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Market Commentary: Calling the Shots

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It was fifty years ago on April 3, 1973, when Dr. Marty Cooper made the first public cell phone call from his clunky, personal, handheld, portable prototype as he stood on a busy New York City sidewalk. The 44-year-old Motorola engineer thought it would be amusing to make that first call to his company’s chief competitor at Bell Labs, Dr. Joel Engel. He punched in his rival’s number on a DynaT-A-C device that was roughly the size of a brick.

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Clark-Lindsey Village Celebrates the Addition of their Assisted Living Apartment Building with Beam-Signing Event

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This past Sunday, Clark-Lindsey Village hosted a beam signing event to celebrate the addition of their Assisted Living Apartment building (due to be completed in late 2023). The beam signed by residents, staff and partners represents the last piece of structure that will link the new building with the existing.

HJ Sims is proud to be part of this exciting milestone and forever a part of the new building.

Learn about how CLV partnered with HJ Sims to assist with the financing of this project.

Congratulations to the staff and residents of Clark-Lindsey Village!

Market Commentary: Sense-Making

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The Cynefin framework was created as a tool to be used in “sense-making”, a term broadly incorporating common sense into decision-making, something that we and all of our policymakers in Washington should certainly do more often. Fifteen years ago, David Snowden and a team at IBM came up with this new framework for looking at problems and assessing situations accurately so as to arrive at solutions and respond appropriately. They began by identifying four types of problems: simple, complicated, complex and chaotic, and moved on from there.

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Market Commentary: Consistency

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Edgerton “Ketchie” Welch, a lifelong resident of Chillicothe, Missouri began his career at his family’s Edge-Mar Dairy but later came to run the local Citizens Bank & Trust Co., serving for a total of 55 years. At various points in his role as CEO, he reported an investment performance that beat the nation’s biggest banks and insurance companies. When interviewed by Forbes on his exceptional success, he admitted that he was not smart enough to play the stock market and never even heard of modern portfolio theory.

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