Bond issue closed for Terraces of Boise

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Ziegler announced the closing of a $103.2 million unrated, fixed-rate Series 2014 Bond for Terraces of Boise.

The retirement community is expected to have 149 residential living apartments, 12 residential living duplex apartments, 40 residential-style, assisted living apartments, 24 special care assisted living suites, and three, one-story cottage style buildings housing a total of 48 private skilled nursing rooms.

The community will be Boise's “first life care, entrance-fee retirement lifestyle alternative, and we know the Boise community is very excited to welcome the Terraces,” said Mary Muñoz, managing director in Ziegler's Senior Living practice.