Ziegler Prices $35.3 Million Series 2025 Bonds for Twin Lakes Community’s Expansion

Ziegler is pleased to announce the successful pricing of Twin Lakes Community’s $35,310,000 Series 2025A and 2025B Bonds, a significant milestone in supporting the nonprofit senior living community’s continued growth and expansion. The proceeds from the Series 2025 Bonds will help finance Phase 2 of the Stockton project and other important initiatives for Twin Lakes Community.

1. About Twin Lakes Community
   • Located in Burlington, North Carolina, Twin Lakes operates a nonprofit fee-for-service life plan community on 215 acres.
   • The community includes 482 independent living units, 36 assisted living units, 32 memory care units, and 104 healthcare units.
   • Ranked as the 29th largest nonprofit single-campus senior living organization in the U.S. (2024 LeadingAge-Ziegler 200).
   • Twin Lakes has been a key player in providing comprehensive services for seniors since 1983.
2. Stockton Project Phase 2
   • Phase 1 of the Stockton project, a 48-unit independent living apartment building, was successfully completed and filled.
   • Phase 2 will include 36 new independent living apartments, ranging from 1,046 to 1,939 square feet, with a weighted average size of 1,583 square feet.
   • All Phase 2 units were pre-sold, with a 10% entrance fee deposit, demonstrating strong demand and market confidence.
3. Series 2025 Bonds Details
   • The Series 2025 Bonds consist of two tranches of BBB-rated (Fitch) public fixed-rate bonds issued through the North Carolina Medical Care Commission.
   • Proceeds from the bonds will be used to finance Phase 2 of the Stockton project, fund interest during construction, and cover issuance expenses.
4. Ziegler’s Role in the Financing
   • Ziegler has partnered with Twin Lakes on multiple financings to support its campus reinvestment process, including the new healthcare center and other community upgrades.
   • Tad Melton, Managing Director of Ziegler Senior Living Finance, expressed pride in supporting Twin Lakes’ growth and strategic initiatives, highlighting the success of each phase of development.
5. Ziegler’s Expertise in Senior Living Finance
   • Ziegler is the nation’s leading underwriter of financings for not-for-profit senior living providers.
   • The firm offers tailored solutions in investment banking, financial risk management, M&A services, seed capital, and more to support senior living organizations.

Ziegler’s successful pricing of Twin Lakes Community’s Series 2025 Bonds paves the way for continued expansion and enhanced services for residents. The financing will enable the community to complete its planned growth and continue providing exceptional standards of care.