Chicago-based specialty investment bank Ziegler announced in July it closed on $56,850,000 Series 2021 Bonds for a continuing care retirement community for not-for-profit corporation, Westminster, Skilled Nursing News reports.
Located in Austin, Texas, the CCRC is comprised of 324 independent living units, 22 assisted living units and 85 skilled nursing beds, 30 of which are used for memory care.
The bonds will be used to fund a portion of the costs of construction and renovation to existing buildings, fund a portion of the interest on the bonds pay certain fees and expenses, and more.
