Navigation Links
Senior Quality Lifestyles Corporation Announces Completion of $164,855,000 in Financing for The Stayton at Museum Way
Date:11/12/2009

Senior Quality Lifestyles Corporation (SQLC), a Texas-based nonprofit developer of senior living communities, announces that financing has been completed for its latest project, The Stayton at Museum Way. A 501(c)3 nonprofit life care retirement community, The Stayton at Museum Way will be constructed on 2.5 acres of land located at Stayton Street and Museum Way in the Fort Worth Cultural District. Financing was completed through the sale of $164,855,000 in revenue bonds. Ziegler Capital Markets served as bond underwriter for the transaction. The announcement was made by Charles B. Brewer, president and CEO of SQLC.

Fort Worth, TX (PRWEB) November 12, 2009 -- Senior Quality Lifestyles Corporation (SQLC), a Texas-based nonprofit developer of senior living communities, announces that financing has been completed for its latest project, The Stayton at Museum Way. A 501(c)3 nonprofit life care retirement community, The Stayton at Museum Way will be constructed on 2.5 acres of land located at Stayton Street and Museum Way in the Fort Worth Cultural District. Financing was completed through the sale of $164,855,000 in revenue bonds. Ziegler Capital Markets served as bond underwriter for the transaction. The announcement was made by Charles B. Brewer, president and CEO of SQLC.

“We are pleased to complete the successful financing of The Stayton in the face of what has been not only a very difficult financing period, but one of the most challenging economic periods for our economy in my business career,” said Brewer. “I believe it reflects very favorably on the concept and design of this retirement community, the talented team that has brought it to the market, and truly the market itself – Fort Worth – which has embraced the project.”    

A premier residential address, the 11-story community will serve 188 families seeking an active lifestyle in the heart of the West 7th Cultural District. Construction is underway, and the community is scheduled to open in 2011.

“The financing of The Stayton at Museum Way in these challenging economic times speaks highly of the reputation of Senior Quality Lifestyles Corporation within the financial community,” said Rich Scanlon, managing director, Ziegler Capital Markets, Senior Living Finance. “It is a testament to the organization’s track record of successful development and management of senior living communities across Texas.”

SQLC sponsors similar communities in Dallas (Edgemere), Houston (The Buckingham), and Austin (Querencia at Barton Creek). A fifth community, located in Corpus Christi (Mirador), is currently under development with construction expected to begin by the end of the year.

According to Greystone Communities, the Irving, Texas-based development partner, the economic impact of the project for the Fort Worth community will be significant.

“The Stayton will support the Fort Worth economy in a big way with a $78,000,000 construction contract,” said Burt Derr, vice president, development for Greystone Communities. Derr projects that, at the peak of construction, Andres Construction will employ more than 500 construction personnel.

The level of service that will be provided to residents of The Stayton means an influx of jobs for the Fort Worth community as well. “A hallmark of all of the SQLC communities is an emphasis on quality and hospitality. After The Stayton opens, more than 150 full-time staff members will serve the residents,” said Harold Weyand, vice president, management services for Greystone.

Residences are available in one-, two- and three-bedroom floor plans ranging in size from 850-square feet to more than 2,500-square feet. The Stayton at Museum Way will be the only full service life care community serving Fort Worth with priority access to onsite assisted living, memory support and private skilled nursing at a predictable cost. Over 75 percent of the available residences have been reserved. For information, visit www.thestayton.com, or call (817) 439-6936.

# # #
   

Read the full story at http://www.prweb.com/releases/2009/11/prweb3196704.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Zimmer Holdings, Inc. Announces Offering of Senior Notes
2. Relocation Specialists Beyond the Box Team With Nurse to Help Facilitate Senior Moves
3. Muscle Weakness Linked to Alzheimers Risk in Seniors
4. Language Line, LLC and Coto Acquisition LLC Enter into Senior Secured Credit Agreement
5. Expert predicts possible shift in senior voting bloc
6. Flu Deaths Higher Among Seniors With Dementia
7. Surgery, Illness Not Linked to Mental Decline in Seniors
8. Tai Chi May Help Ward Off Knee Pain in Seniors
9. Head of PA Department of Aging Speaks at the Richard Allen Committee's 17th Annual Senior Citizen's Event
10. Nursing Home Caregivers, Providers, Small Business Leaders Warn Deep Medicare Cuts Will Threaten Seniors Care, Destabilize Staffing, Hurt Local Economies and Jobs Base
11. Senior Healthcare Consultants and RJR Insurance Services, Inc. Announce 4th Quarter 2009 and 1st Quarter 2010 Sales Management Promotions
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Senior Quality Lifestyles Corporation Announces Completion of $164,855,000 in Financing for The Stayton at Museum Way 
(Date:6/24/2016)... ... June 24, 2016 , ... June 19, 2016 is World ... with chronic pain and the benefits of holistic treatments, Serenity Recovery Center ... with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a disorder of the ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Global law ... magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this recognition are ... , Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal ...
(Date:6/24/2016)... ... , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business ... to $12 an hour by 2020 and then adjusting it yearly to increase at the ... minimum wage, assure the wage floor does not erode again, and make future increases more ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty ... Barry M. Weintraub as a prominent plastic surgeon and the network’s newest partner. ... and the most handsome men, look naturally attractive. Plastic surgery should be invisible.” ...
(Date:6/24/2016)... ... June 24, 2016 , ... National recruitment firm Slone Partners ... with extensive sequencing and genomics experience, as Vice President of North American Capital Sales ... be responsible for leading the sales team in the commercialization of the HTG EdgeSeq ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016 The Academy of Managed Care ... that would allow biopharmaceutical companies to more easily ... make formulary and coverage decisions, a move that addresses ... medicines. The recommendations address restrictions in the ... the drug label, a prohibition that hinders decision makers ...
(Date:6/24/2016)... Mass. , June 24, 2016   Pulmatrix, ... pharmaceutical company developing innovative inhaled drugs, announced today that ... Russell Investments reconstituted its comprehensive set of ... "This is an important milestone for Pulmatrix," ... will increase shareholder awareness of our progress in developing ...
(Date:6/23/2016)... 2016 Any dentist who has made an implant ... process. Many of them do not even offer this as ... high laboratory costs involved. And those who ARE able to ... a high cost that the majority of today,s patients would ... Parsa Zadeh , founder of Dental Evolutions Inc. and inventor ...
Breaking Medicine Technology: