Ziegler, a specialty investment bank, is pleased to announce the successful closing of Oak Hammock at the University of Florida's ("Oak Hammock") $93,500,000 Series 2025 Bonds issued through the Alachua County Health Facilities Authority.
CHICAGO, Aug. 7, 2025 /PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is pleased to announce the successful closing of Oak Hammock at the University of Florida's ("Oak Hammock") $93,500,000 Series 2025 Bonds issued through the Alachua County Health Facilities Authority.
Oak Hammock is a Florida nonprofit corporation organized in 1998, which owns and operates a continuing care retirement community in Gainesville, Florida (the "Community"). The Community sits on an approximately 135-acre campus that currently consists of 269 independent living units, 52 assisted living units, 12 memory support units and 73 skilled nursing beds. All the skilled nursing beds are Medicare certified and currently maintains a five-star CMS rating.
Proceeds of the Series 2025 Bonds will be used, together with other available funds, to (i) finance and refinance all or a portion of the costs relating to the design and construction of 56 new independent living units and renovations to related common areas, (ii) funding necessary reserves and (iii) paying costs related to the issuance of the Series 2025 Bonds.
Kevin Ahmadi, President and Chief Executive Officer of Oak Hammock stated, "Oak Hammock is grateful to Ziegler and the entire financing team for facilitating a highly successful outcome," said Ahmadi. "Their speed and strategic guidance allowed us to secure meaningful interest savings during a favorable market window. These savings strengthen our financial position, support our mission, and give us flexibility to move forward with confidence. A well-planned and well-executed effort."
Brandon Powell, Managing Director, Ziegler Senior Living Finance added, "This marks the third transaction we've completed for Oak Hammock at the University of Florida, and we're grateful for the long-term partnership. This bond issue not only funds a significant expansion and renovation project, but more importantly, it reinforces Oak Hammock's financial foundation and advances its ongoing commitment to excellence and strategic growth."
Ziegler is the nation's leading underwriter 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, 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:
Ziegler is a privately held, national boutique investment bank, capital markets and proprietary
investments firm. It has a unique focus on healthcare, senior living and education sectors, 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, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance and Analytics. To learn more, visit http://www.ziegler.com.
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.
Media Contact
C, Ziegler, 3125961617, [email protected] , www.ziegler.com
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