On May 1, 2008, Sims closed the financing of $26,555,000 long-term fixed rate tax-exempt bonds for Carpenter’s Home Estates, owner of The Estates at Carpenter’s, a continuing care retirement community opened in 1986 in Lakeland, Florida. Proceeds of the financing will be used to refund an outstanding 1998 bond issue underwritten by Sims, to fund renovations to and expansion of the community’s skilled nursing and assisted living facilities and to construct a new building containing 32 additional independent living apartments.

Herbert J. Sims Investments, LLC (“HJSI”) raised $46,000,000 of equity and senior debt for a joint venture (the “Joint Venture”) between HJSI and Sunrise Senior Living Investments, Inc., an affiliate of Sunrise Senior Living, Inc. (“Sunrise”). The Joint Venture owns two senior living communities (the “Projects”) located in Crestwood, New York and Upper St. Clair, Pennsylvania.

Replacement Hospital Facility - Fruita, CO

Sims served as co-manager for the $28,000,000 financing of a replacement critical access hospital facility for the Lower Valley Hospital Association (LVHA) d/b/a Family Health West, located in Fruita, Colorado. This transaction presented unusual challenges for bond marketing, due to the market’s general unfamiliarity with the critical access hospital concept and the fact that the LVHA organization includes senior living and outpatient components in addition to the hospital; Sims was asked to participate due to its established ability to market senior living and healthcare bonds to both retail and institutional investors.