Specialty investment bank Ziegler has closed a $93.5 million Series 2025 bond issue for Oak Hammock at the University of Florida, a continuing care retirement community in Gainesville. The deal, issued through the Alachua County Health Facilities Authority, will bankroll a significant expansion and modernization of the nonprofit’s facilities.

Financing a Bigger, Better Campus

Opened in 1998, Oak Hammock sits on 135 acres and currently offers 269 independent living units, 52 assisted living units, 12 memory support units, and 73 skilled nursing beds—all Medicare-certified and carrying a five-star CMS rating.

Bond proceeds will be used to:

• Build 56 new independent living units
• Renovate related common areas
• Fund reserves
• Cover issuance costs

The expansion is designed to meet rising demand for high-quality senior living in the Gainesville area while keeping the community competitive in an increasingly crowded market.

Timing the Market Right

Oak Hammock CEO Kevin Ahmadi credited Ziegler’s speed and market insight for securing the financing under favorable conditions.

“Their speed and strategic guidance allowed us to secure meaningful interest savings during a favorable market window,” said Ahmadi. “These savings strengthen our financial position and give us flexibility to move forward with confidence.”

This marks the third financing collaboration between Oak Hammock and Ziegler, underscoring a long-term advisory relationship.

Brandon Powell, Managing Director of Ziegler Senior Living Finance, said the project not only funds construction but also “reinforces Oak Hammock’s financial foundation and advances its ongoing commitment to excellence and strategic growth.”

Broader Industry Context

The senior living sector has been navigating post-pandemic headwinds, including rising labor costs, shifting care models, and evolving resident expectations. Capital-intensive expansion projects like Oak Hammock’s have been concentrated among providers with strong balance sheets and market positioning.

As the nation’s leading underwriter for not-for-profit senior living, Ziegler has continued to carve out a niche by delivering bespoke financing solutions—including investment banking, M&A, FHA/HUD financing, and strategic planning—to operators navigating these challenges.