Lifespace Communities is taking steps to strengthen its financial profile, Senior Housing News reports.
The West Des Moines, Iowa-based nonprofit is nearing completion on securing bond issuances totaling nearly $175.5 million. Proceeds will be earmarked for financing remaining project costs for Lifespace’s expansion and renovation projects at its life plan communities in Florida, Illinois, Kansas, Pennsylvania and Minnesota, refund the nonprofit’s Series 2010 bonds, fund 24 months of capitalized interest, and pay issuance costs of issuance. Read more.
