Ziegler Arranges $304M Tax-Exempt Bond for Groton Senior Living Expansion

Ziegler Arranges $304M Tax-Exempt Bond for Groton Senior Living Expansion
News| July 15, 2026| Paul Bubny
Boston & New England

Specialty investment bank Ziegler has closed on Fairview’s Vista Point Project, one of the largest senior living tax-exempt bond transactions to date in the state of Connecticut. The $304-million financing will be used to fund construction of the project, repay all outstanding indebtedness of the organization, establish a debt service reserve fund for each series of bonds; pay capitalized interest and pay certain costs.

Fairview’s Vista Point expansion will be located on the current Groton, CT campus on an undeveloped parcel of land owned by the organization for more than a century. Founded in 1892 as the Odd Fellows Home of Connecticut, the retirement community now encompasses independent living apartments, cottage homes and a nursing home on approximately 70 acres.

Fairview enlisted Greystone Communities as its development consultant and Ziegler as its underwriter to expand its not-for-profit mission through its Vista Point project. The expansion will be constructed on approximately 20 of the undeveloped acres on the Fairview campus.

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