Ziegler announces deal closings
Ziegler has announced the successful closing of the $40.43 million sale of Coventry Village on behalf of Harris Webber, Ltd.
The community has 176 units of independent living, assisted living and memory care services, and is located in Madison, WI. There are 46 owner-occupied condominiums with an opportunity to build an additional 11 units.
Coventry Village was developed by Harris Webber, Ltd., based in Libertyville, IL.
Ziegler also announced the closing of a $33 million non-rated, tax-exempt, fixed-rate Series 2014 loan for Christwood. The not-for-profit corporation in Louisiana operates a continuing care retirement community. It opened in 1996 and is located outside of New Orleans. It has 34 assisted living units, 30 skilled nursing beds and 161 independent living residences.