Investment bank Ziegler recently announced the completion of a significant financing transaction for Greenwood Village South, closing a total of $70.85 million. The funding includes various bond series that will enable the expansion and modernization of the senior living community’s facilities.
Westminster Village Greenwood, Inc. d/b/a Greenwood Village South (GVS) is an Indiana not-for-profit corporation that owns and operates the continuing care retirement community in Greenwood, Indiana, just south of Indianapolis. GVS currently operates 426 units, consisting of 173 apartments and 80 cottage dwellings, 41 assisted living apartments, and a 132-bed skilled nursing health center.
GVS will use the Series 2025 Bonds to expand and update its campus by adding independent living housing through the Village Flats Project. The financing package features the $27.85 million Series 2025A Bonds, the $7.4 million Series C-1 Bonds, and the $10.6 million Series C-2 Bonds funded through the Indiana Finance Authority.
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