**Ziegler Secures $70.85 Million in Financing for Greenwood Village South Expansion**
Investment bank Ziegler has announced the successful completion of a $70.85 million financing transaction for Greenwood Village South, a continuing care retirement community located in Greenwood, Indiana, just south of Indianapolis. The financing will facilitate the expansion and modernization of the community’s facilities.
Greenwood Village South, operated by Westminster Village Greenwood, Inc.—an Indiana not-for-profit corporation—currently includes 426 residential units. These comprise 173 apartments, 80 cottage dwellings, 41 assisted living apartments, and a 132-bed skilled nursing health center.
The capital raised through the Series 2025 Bonds will support the development of additional independent living housing as part of the community’s Village Flats Project. The financing 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 major funding milestone marks a significant step in Greenwood Village South’s mission to enhance senior living options in the region and reflects Ziegler’s ongoing commitment to supporting the development of healthcare and senior housing communities.
