Representative Engagements

Clients count on HJ Sims to provide them with creative solutions and objective advice that is in their best interest, uninfluenced by transaction goals. To learn more, please see this representative sampling of our recent engagements.

LeadingAge
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Utilizing alternative bank structures to provide a more stable capital platform Description On September 1, 2010, HJ Sims (“Sims”) closed a $15 million reissuance and refinancing for LeadingAge (formerly AAHSA). LeadingAge is a national association comprised of over 5,700 member organizations, all of which are non-profit providers of senior services, including continuing care retirement communities, nursing homes, assisted living facilities, independent housing projects and home-and-community based service organizations. Proceeds of the 2010 financing were used to replace the letter of credit on LeadingAge’s outstanding tax-exempt Series 2005A Bonds with bank qualified bonds and refinance its taxable Series 2005B Bonds with a term loan. The Series 2005 Bonds were initially issued […]

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Lutherian Homes Society
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Lutherian Homes Society Successfully Reorganizes Capital Structure with a $31.9 Million “BBB-” Rated Bond Issue Provided by Sims “The Lutheran Homes Society Board of Directors was extremely pleased with the professionalism and expertise of HJ Sims’ staff and leadership in the timely structuring and closing of the LHS bond transaction. The LHS Finance Committee Chairman, Mr. Dan Perry, commented that he felt LHS was in good hands in consummating our mission-critical refinancing and new project needs; knowing with all certainty that Sims had the necessary horsepower to properly bring the deal to closing in the context of our values of integrity, stewardship of resources, and quality of service.” – David […]

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Whitney Center
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$89.895 Million Non-Rated Expansion Financing for Whitney Center HJ Sims closed an $89.895 million non-rated, fixed-rate, tax-exempt bond issue for the Whitney Center expansion project in Hamden, Connecticut.Whitney Center is a continuing care retirement community. It currently includes 170 residential living and seven assisted living units located in a six-story building and 59 skilled nursing beds located in a one-story building.The proceeds of the Series 2009 issue will finance the first phase of Whitney Center’s Renaissance Project, which includes the construction of a seven-story building containing 87 new independent living apartments, cultural arts center, library, salon and spa, a separate parking garage and renovations to existing common areas.Several existing units […]

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Redstone Village Expansion
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Sims Provides Bond Financing for Expansion of Premier Retirement Community in Huntsville, AL Description Redstone Village is a successful Continuing Care Retirement Community in Huntsville, AL that opened its first phase in late 2004.Initially envisioned to target the large retired military population associated with the nearby Redstone Arsenal, today Redstone Village offers exceptional lifestyle options to all seniors, regardless of prior military service.Over the past 7 years Redstone Village has expanded twice, adding additional independent living and assisted living units in 2008 and a stand-alone Specialty Care Assisted Living Facility (SCALF) in 2009 that provides memory support care. The Planned Phase IV would add 36 independent living apartments, an Aquatics […]

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Osprey Lodge
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Sims Successfully Provides $23.4 Million in Bond Financing for the Construction and Development of a For-Profit, Start-Up, 124-Unit Description On July 21, 2011, Sims underwrote and placed a $23.365 million non-rated fixed rate financing for Osprey Lodge at Lakeview Crest (“Osprey Lodge”) for the construction of a new assisted living and memory care community to be located in Tavares, Florida.Upon completion, Osprey Lodge will consist of a 76-unit assisted living community and a 48-unit memory care community.The site for the project is located across from the Florida Waterman Hospital in Tavares, Florida and will be the first new assisted living and memory care community in the area to be built […]

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