#United States #Lee's Summit #Ziegler #John Knox Village #Expansion Project

Ziegler Closes $47,845,000 Financing for John Knox Village

On May 18, 2026, Ziegler announced the successful closure of a remarkable financing deal totaling $47,845,000 for John Knox Village, a prominent life plan community located in Lee's Summit, Missouri. This financing, structured under multiple bond series, reflects Ziegler's commitment to supporting nonprofit senior living providers in enhancing their facilities and services.

With this latest transaction, which includes the Series 2026A, B-1, B-2, and B-3 Bonds, Ziegler continues to strengthen its extensive partnership with John Knox Village. Over the years, this nonprofit has worked with Ziegler on various financings, highlighting the longstanding relationship built on mutual trust and expertise. The financing will help fund a significant expansion project that holds promise for the future of Joseph Knox Village.

Overview of John Knox Village and Its Services

John Knox Village, established as a nonprofit organization, comprises a comprehensive array of residential options, including 1,038 independent living units, 180 assisted living units, and 121 skilled nursing beds. Ranking as the third best single-site community according to the 2025 LeadingAge Ziegler 200, John Knox Village has positioned itself as a leader in providing quality senior living services. The community received a stable BB+ rating from Fitch Ratings, confirming its strong financial foundation and operational excellence as of April 23, 2026.

The Series 2026 Bonds consists primarily of four tranches of tax-exempt debt, specifically:

• - Series 2026A Fixed Rate Bonds totaling $18,845,000
• - Series 2026B-3 TEMPSSM-50 amounting to $17,050,000
• - Series 2026B-2 TEMPSSM-70 with $6,825,000
• - Series 2026B-1 TEMPSSM-85 totaling $5,125,000

The proceeds from these bonds, combined with a $500,000 equity contribution from John Knox Village, will facilitate a substantial $41.5 million expansion project focused on increasing the community's residential capacity and enhancing the overall living experience for its residents.

Future Expansion Projects

The funds raised will specifically support the construction of two key independent living expansion initiatives that will introduce 62 new independent living apartments to the already bustling campus. These newly planned developments include:
1. An addition to the Meadows complex known as the "Meadows North Project" which will encompass 47 units.
2. The introduction of a new housing concept called the "Country Club Estates Project", featuring 15 hybrid villa units.

Both projects have been thoughtfully designed with the expertise of SFCS and Greystone Communities, who have served as consultants during the expansion planning phase. Their collaborative efforts reflect a commitment to enhancing the community infrastructure to meet the evolving needs of residents.

Voices from Leadership

The Chief Financial Officer of John Knox Village, Steve Seggerman, expressed satisfaction with the successful execution of the financing, thanking Ziegler for their consistent support throughout the process. He acknowledged Ziegler's expertise and dedication, which were crucial in navigating the financing landscape.

Will Carney, Managing Director at Ziegler Senior Living Finance, echoed these sentiments, indicating his enthusiasm for contributing to John Knox Village's development project. He noted that as John Knox Village continues to expand, the community is well poised for a promising future, underpinned by sustained investment aimed at improving resident services and experiences.

About Ziegler

Ziegler stands out as a leading underwriter in financing solutions tailored to nonprofit senior living providers. With a strong focus on healthcare, senior living, and education sectors, Ziegler offers a broad array of services including investment banking, financial risk management, and capital planning. Their commitment to these sectors not only drives their growth but also ensures that communities like John Knox Village can thrive and adapt to the changing needs of their residents.

For more information, visit Ziegler's official website.