Ziegler Successfully Closes $53.8 Million Financing
CHICAGO — Ziegler is thrilled to share the successful closing of financing for Meadowlark Hills, amounting to a significant $53,800,000 Series 2025 Bonds. This achievement is facilitated through the City of Manhattan, enhancing the community's offerings.
About Meadowlark Hills
Founded in 1975, Meadowlark is a renowned life plan community offering various living arrangements, including 137 independent living apartments, duplexes, and cottages, alongside assisted living units and skilled nursing facilities. Spanning a beautiful 55-acre campus, it is conveniently located near educational and medical facilities, offering a vibrant community and high-quality care.
Upcoming Expansion Plans
Meadowlark Hills is poised for an exciting expansion, known as "The Aster," which will feature 43 new independent living apartments and ample amenities, including underground parking and community spaces for fitness and education. This project will enhance the community's offerings, with many apartments already presold, demonstrating the high demand for quality living environments.
Strong Market Response
The recent financing reflects the positive sentiment in the market, with institutional and local Kansas retail investors expressing confidence in Meadowlark's future. The 2025 Bonds received a strong reception, combining a mix of short-and long-term structures designed to efficiently manage debt.
Partnership with Ziegler
Chris Nelson, the Chief Financial Officer of Meadowlark Hills, highlighted the invaluable partnership with Ziegler, stating that their collaboration has propelled the organization toward realizing ambitious goals. This 25-year partnership underscores the mutual commitment to enhancing the quality of life for retirees and aging adults.
Community Focusing on Health and Well-being
In addition to expanding living spaces, the designs for The Aster include dedicated resources for residents engaging in health and wellness programs, such as those addressing cancer, Parkinson's, and memory care. This demonstrates Meadowlark's commitment to holistic resident care, making it an exemplary model in senior living.
About Ziegler
Ziegler stands as a leading underwriter in the financing sector for not-for-profit senior living providers. With a strong focus on the healthcare and senior living industries, Ziegler delivers bespoke financial solutions, including investment banking and risk management, tailored specifically to meet the evolving needs of their clients.
Frequently Asked Questions
What is the purpose of the $53.8 million financing?
The financing will support the expansion of Meadowlark Hills, specifically funding the development of new independent living apartments and community amenities.
How many units does Meadowlark Hills currently have?
Currently, Meadowlark Hills features 359 units, including independent living apartments, duplexes, and assisted living facilities.
What unique care model does Meadowlark Hills offer?
Meadowlark pioneered the "Health Care Household" model for skilled nursing facility care, enhancing the quality and coordination of care for residents.
Who is Ziegler?
Ziegler is a privately held investment bank focused on providing financial services specifically for not-for-profit senior living organizations.
What are the future plans for Meadowlark Hills?
Future plans include the completion of The Aster project, enhancing independent living options and community resources for residents.