$79M Financing Completed
Dallas-based Senior Quality Lifestyles Corporation, a non-profit sponsor of senior living communities, completed financing for its latest project, Mirador, in Corpus Christi. The life care senior living community will feature 25k SF of commons areas on a 17-acre campus. Financing was completed through the sale of $79M in revenue bonds, with Ziegler Capital Markets serving as bond underwriter. The $32M build by Andres Construction is underway, wrapping in 2011, and will serve 125 families. Ziegler managing director Rich Scanlon says financing now is a testament to the organization's track record with development and management of senior living communities across Texas.