Ziegler Closes $113M Financing for Brio Living Services

Ziegler Closes $113M Financing for Brio Living Services
News| November 6, 2025| Jasmine Kilman
Chicago & Midwest

Senior living organization Brio Living Services has secured $113.5 million in financing from Chicago-based Ziegler.

Proceeds from the Series 2025 Bonds will be used to finance Phase I of Brio’s multi-phase repositioning project at its Porter Hills Village campus located in Grand Rapids, Michigan. Construction is underway, and the plans include a 250,000-square-foot building to replace the existing facilities, as well as the construction of an additional 57 independent living apartments. Construction of the new Porter Hills Village building is expected to be completed by the end of 2027.

The Series 2025 Bonds were structured as a single-bank, tax-exempt direct placement with a synthetic all-in pay-fixed interest rate of 4.178% through the bank’s ten-year commitment period. “This $113.5 million financing for the Porter Hills Village repositioning project represents Ziegler’s seventeenth financing with Brio or one of its progenitor organizations since 2009,” said Tom Meyers, Senior Managing Director at Ziegler.

Other News

Lewis Group Opens Second NorCal Rental-Home Community in West Sacramento

California & West + Apartment Buildings

Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...

Learn more

CBRE Arranges Sale of Future Mixed-Use Development in Wisconsin

Chicago & Midwest + Apartment Buildings

CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...

Learn more

Northmarq Arranges $96M Refi on SoCal Apartment Portfolio

California & West + Apartment Buildings

Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up