Ziegler Secures $70M for Seniors Housing Project

Ziegler Secures $70M for Seniors Housing Project
News| September 3, 2025| Jasmine Kilman
Chicago & Midwest

Investment bank Ziegler recently announced the completion of a significant financing transaction for Greenwood Village South, closing a total of $70.85 million. The funding includes various bond series that will enable the expansion and modernization of the senior living community’s facilities.

Westminster Village Greenwood, Inc. d/b/a Greenwood Village South (GVS) is an Indiana not-for-profit corporation that owns and operates the continuing care retirement community in Greenwood, Indiana, just south of Indianapolis. GVS currently operates 426 units, consisting of 173 apartments and 80 cottage dwellings, 41 assisted living apartments, and a 132-bed skilled nursing health center.

GVS will use the Series 2025 Bonds to expand and update its campus by adding independent living housing through the Village Flats Project. The financing package features the $27.85 million Series 2025A Bonds, the $7.4 million Series C-1 Bonds, and the $10.6 million Series C-2 Bonds funded through the Indiana Finance Authority.

Other News

TruAmerica Pays $120M for Perimeter Center Rental Community

Atlanta & Southeast + Apartment Buildings

TruAmerica Multifamily acquired Bricks at Perimeter Center for $120 million. Clark Ventures was the seller of the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket. Clark paid $69.5 million for the property in 2016. TruAmerica will revamp nearly all of the rooms in the complex, which was built in 2007. The company plans to incorporate...

Learn more

BTI, Bridge Score $109M for Hollywood’s Bread Building

Florida & Gulf Coast + Apartment Buildings

BTI Partners and Bridge Investment Group closed on $109 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group. Cushman & Wakefield’s Equity, Debt & Structured Finance...

Learn more

Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion

Boston & New England + Apartment Buildings

Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up