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**Ziegler Secures $70.85 Million Financing for Greenwood Village South Expansion**
Investment bank Ziegler has successfully completed a $70.85 million financing transaction for Greenwood Village South (GVS), a not-for-profit senior living community located in Greenwood, Indiana, just south of Indianapolis. The financing will support a major expansion and modernization of the campus to better serve its residents.
Greenwood Village South, operated by Westminster Village Greenwood, Inc., currently offers a total of 426 units. These include 173 apartments, 80 cottage-style homes, 41 assisted living apartments, and a 132-bed skilled nursing health center.
Proceeds from the Series 2025 Bonds will be used to expand independent living options through the new Village Flats Project. The bond package includes $27.85 million in Series 2025A Bonds, $7.4 million in Series C-1 Bonds, and $10.6 million in Series C-2 Bonds, all issued through the Indiana Finance Authority.
This strategic financing initiative will allow Greenwood Village South to enhance the quality of life for its residents by providing updated accommodations and ensuring continued access to high-quality care across a full spectrum of services.
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