Ziegler Closes $145M in Bond Financing for CCRC in Washington

by Jeff Shaw

GIG HARBOR, Wash. — Ziegler, a specialty investment bank, has closed $145 million in bond financing for Heron’s Key, a nonprofit continuing care retirement community (CCRC) currently in development in Gig Harbor.

Located on approximately 18 acres, Phase I of Heron’s Key’s development will include 194 independent living units, 36 assisted living units, and 45 skilled nursing units.

The site, zoning and design allow for a future Phase II construction of an additional 88 independent living units and 32 memory care assisted living units.

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