Ziegler closes $94M for Edgemere
Ziegler has successfully closed two bond issues, Series 2015A Bonds of $53.6 million, and 2015B Bonds of $40.6 million, for Northwest Senior Housing Corporation. Senior Quality Lifestyles Corporation is the sole corporate member of NSHC as a non-for-profit organization.
NSHC owns and operates Edgemere, a long-term care facility located in Dallas. The community stands on 16.25 acres and has 304 independent living units, 60 assisted living units, 21 memory support assisted living units and 72 skilled nursing beds. The proceeds of the bonds will help reimburse various funds and pay outstanding bonds.The issuance of these bonds represents the third and fourth times Ziegler has underwrited the transaction for Edgemere, and 10th and 11th times for a SQLC community.