2016 HJ Sims Highlights

Published January 3, 2017

2016 was a strong year for the senior living industry. Values of existing communities strengthened, new construction of rental independent, assisted living and memory care facilities increased, and residential housing prices stabilized or rose in many markets. For the bond market, interest rates fell for the first 85% of the year. However, after the November election, interest rates rose, and many bond fund investors withdrew cash and put it into equities. As a result, interest rates rose from 25 – 75 basis points in the last 7 weeks of the year.

At HJ Sims, in 2016, our financing volume increased. Just as important, we continued to grow our Private Client Group investor base of individuals. We added eight income advisors in 2016. During periods of market turmoil, many individual investors continue to purchase senior living bonds – a reliable source of funds for our investment banking clients.

In 2016, Sims also expanded its reach into taxable municipal bonds with experienced traders and research analysts and additional income advisors. Already, taxable municipals have become an important part of the firm. Sims bankers will use their expertise to offer more financing options for their clients, including taxable municipals.

2016 Financings

For more information, please contact an HJ Sims banker.

The material presented here is for information purposes only and is not to be considered an offer to buy or sell any security. This report was prepared from sources believed to be reliable, but it is not guaranteed as to accuracy, and it is not a complete summary or statement of all available data. Information and opinions are current up to the date of publication and are subject to change without notice. The purchase and sale of securities should be conducted on an individual basis considering the risk tolerance and investment objective of each investor and with the advice and counsel of a professional advisor. All investments involve risk and may result in a loss of principal. Investors should carefully consider their own circumstances before making any investment decision. This is not a solicitation to buy or an offer to sell any particular investment.

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