Significant Funding for Fox Run's Future
Ziegler, a respected investment bank, has successfully closed a financing deal of $67,665,000 aimed at expanding services at Fox Run at Orchard Park. This substantial financing was facilitated through the Series 2025 tax-exempt revenue bonds, directed by The Dormitory Authority of the State of New York. This funding underscores Ziegler's dedication to supporting senior living communities and ensuring their continued growth and sustainability.
Understanding Fox Run and Its Mission
Fox Run at Orchard Park operates as a non-profit Continuing Care Retirement Community (CCRC). As a not-for-profit corporation, it has been a significant entity in providing various levels of care for seniors. Established with a mission to serve individuals aged 62 and older, Fox Run features an expansive 54-acre campus, offering residents a vibrant and enriching lifestyle. Its proximity to prominent areas, such as local sports stadiums, enhances the residents' living experience by providing easy access to leisure activities.
Facilities and Care Options at Fox Run
Fox Run houses a total of 180 independent living units, which include a mix of patio homes and apartments arranged within a multi-story building. This care community is further supported by a comprehensive Health Center offering skilled nursing and assisted living options, ensuring residents receive the necessary support tailored to their needs.
Upcoming Developments at Fox Run
The proceeds from the Series 2025 financing will significantly contribute to the expansion project, which includes the construction of 63 new independent living apartments and eight new patio homes. Beyond new living spaces, the renovation of existing common areas and expansion of communal facilities is instrumental in boosting the overall living experience for current and future residents.
The Importance of Strategic Partnerships
In the pursuit of their vision for Fox Run, the leadership emphasized the importance of their partnership with Ziegler. Bill Wlodarcyk, President and CEO of Fox Run at Orchard Park, expressed gratitude, stating that Ziegler’s insights and support were pivotal in turning their plans into reality. Ziegler's commitment to understanding the unique challenges faced by senior living providers has solidified their status as a reliable partner in the industry.
Building a Stronger Community for Seniors
According to Keith Robertson, Managing Director at Ziegler, Fox Run has established itself as a leader among CCRCs in New York. The ongoing efforts to enhance the facilities demonstrate their commitment to serving local seniors and improving their quality of life. The project not only reflects the leadership’s vision but also their dedication to maintaining a vibrant community atmosphere.
Ziegler's Role in Senior Living Financing
Ziegler is recognized as the leading underwriter for financing aimed at non-profit senior living entities. With their specialized services, they provide customizable solutions for senior living clients, including advisory services, financial risk management, and strategic planning. Their expertise enables them to effectively meet the diverse needs of the organizations they partner with.
About Ziegler
Ziegler, known for its focus on healthcare and senior living sectors, is headquartered in Chicago and operates regional offices throughout the United States. Their comprehensive suite of services includes capital raising and analytical support, ensuring clients have access to the resources necessary for optimization and growth. As Ziegler continues to champion the interests of senior living providers, they stand out as a trustworthy advocate in the field.
Frequently Asked Questions
What is the amount of financing Ziegler secured for Fox Run?
Ziegler secured $67,665,000 in financing for Fox Run at Orchard Park.
What types of living arrangements does Fox Run offer?
Fox Run offers independent living units, including patio homes and apartments, as well as skilled nursing and assisted living options.
How does Ziegler support senior living communities?
Ziegler supports senior living communities through tailored financial solutions, advisory services, and strategic partnerships.
When did Fox Run begin operating?
Fox Run began its operations on November 1, 2007, providing senior living solutions since then.
What future developments are planned for Fox Run?
Fox Run plans to build new independent living apartments and patio homes, alongside renovating existing facilities to enhance community life.
