Ziegler Client Kahala Nui Celebrates 10th Anniversary

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Ziegler, a specialty investment bank, is pleased to announce that its client Kahala Nui, Hawaii’s largest single-site not-for-profit continuing care retirement community (CCRC) for individuals over the age of 62, celebrates its 10th anniversary this year. Financed by Ziegler in 2003, the community is now home to nearly 450 residents occupying 270 independent living apartments and 123 health center residences.

Ziegler's Mary Muñoz speaking at the 10th anniversary celebration of Kahala Nui.

Ziegler’s involvement with Kahala Nui dates back to 1995, when we commenced advising the team preparatory to a 2003 financing and construction start. Shepherding a new community through the development and financing process from inception is a unique...

Ziegler, a specialty investment bank, is pleased to announce that its client Kahala Nui, Hawaii’s largest single-site not-for-profit continuing care retirement community (CCRC) for individuals over the age of 62, celebrates its 10th anniversary this year. Financed by Ziegler in 2003, the community is now home to nearly 450 residents occupying 270 independent living apartments and 123 health center residences.

Opened in 2005, Kahala Nui is committed to satisfying three primary needs of the elderly: the need for housing, the need for healthcare and the need for financial security. The community’s foundation was laid over two decades ago by retired Navy Captain Charles O. Swanson, who today enjoys his retirement living on a beautifully landscaped, six-and-a-half acre garden campus that features educational workshops, art and language classes, fitness instruction, museum tours and more.

Patrick Duarte, President and Chief Executive Officer at Kahala Nui, expressed his appreciation for Ziegler’s successful achievement of the refinancing objectives and continued support over the past decade. He added; “Ziegler monitored our financial progress from our inception and periodically met with our Board and management to apprise us of refinancing possibilities. They provided the guidance, consultation, and education in helping to position our organization for successful refinancing. The Ziegler team guided us every step of the way, and we are very pleased with the outcome.”

Mary Muñoz, Managing Director in Ziegler’s senior living finance practice stated, “Ziegler’s involvement with Kahala Nui dates back to 1995, when we commenced advising the team preparatory to a 2003 financing and construction start. Shepherding a new community through the development and financing process from inception is a unique experience, but this one had some special features, as investors had never done a transaction like this in Hawaii. It has been a pleasure to work with the Kahala Nui Board and management team from the early beginnings to stabilization, culminating today in a strong “BBB” investment grade rating for this corporation. We wish the residents, staff and management warmest congratulations on this anniversary!”

Ziegler is one of the nation's leading underwriters of financing for not-for-profit senior living providers. Ziegler offers creative, tailored solutions to its senior living clientele, including investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication.

For more information about Ziegler, please visit us at http://www.ziegler.com.

About Ziegler:
The Ziegler Companies, Inc., together with its affiliates (Ziegler), is a privately held investment bank, capital markets, wealth management and alternative investments firm. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, equity and fixed income sales & trading, wealth management and research.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

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Leslie Weir
Ziegler
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