Senior Living

Our commitment to our clients and the senior living sector is unparalleled and differentiated.

Areas of expertise

BB&T Capital Markets has dedicated and highly specialized teams of investment bankers focused on nonprofit and for-profit senior living. Our extensive industry knowledge and execution expertise helps us navigate the toughest market environments to generate results, while providing our clients with guidance and support every step of the way. When you work with our team, you will notice that our commitment to our clients and the sector is unparalleled and differentiated.

Nonprofit senior living

BB&T Capital Markets is a national provider of investment banking solutions to the nonprofit senior living industry. Since 2003, our team has led more than 345 transactions exceeding $12 billion in par for CCRCs, independent living, skilled nursing and assisted living organizations. As a proven partner, you can be assured that our focus goes beyond the short-term impact of a capital structure. We also identify and analyze the long-term impact to ensure successful outcomes for our clients.

Why is BB&T Capital Markets uniquely equipped to optimize financing outcomes for our clients?

  • Relevant and distinctive transaction experience
  • Proven experience optimizing capital structures, and dual tracking both traditional bank debt and bond alternatives
  • Unmatched capital position and underwriting capacity
  • Extensive municipal bond distribution platform
  • Commitment to educating management teams and boards on long-term financing strategies
  • Experienced in serving a wide variety of financing needs including repositionings, refinancings, expansions, start-ups and seed capital

For-profit senior living

Our For-Profit Senior Living Team provides comprehensive capital structure planning and exceptional execution. With a robust retail and institutional bond distribution platform and the resources of one of the strongest financial institutions in the U.S., we offer a full-spectrum of financial solutions to maximize value for our clients.

We work closely with for-profit developers of senior housing to meet each client’s specific needs. Our team of seasoned investment bankers provides industry depth and guidance to ensure the long-term success of each client.

Our expertise allows us to provide a broad range of solutions:

  • Wide array of financings for new construction and acquisitions, as well as options for refinancings, bridge loans and traditional bank debt
  • Integrated debt planning and advisory services
  • Public and limited bond offering underwriting, including tax-exempt and taxable financing
  • Municipal bond market sales, trading and research
  • Access to an extensive universe of institutional investors

Fixed income sales and trading

Our Fixed Income Sales and Trading Group has extensive experience in municipal bond market sales, trading and research for tax-exempt and taxable municipals.

Our sales and trading professionals have an average of 20 years of experience, and have developed strong relationships with the full spectrum of investor types, continually bringing new investors into the sector. 

Debt securities financial strategies

Through our Debt Securities Financial Strategies Group, we offer clients the latest solutions in securities portfolio sales and reinvestment strategy, product information, relative-value analyses, and accounting and regulatory changes.

We use sophisticated modeling tools and comprehensive analytics to assist you with asset allocation and balance sheet management, as well as providing weekly fixed income reports, portfolio and balance sheet strategies, and more.

Our industry experience

Transactions

Richfield Living

$93,500,000
Tax-Exempt Fixed and Adjustable Rate Bonds
Sole Manager

The Bridgemoor at Plano

$5,000,000: Bridge Bonds
$62,295,000: Fixed Rate Long-Term Bonds
Sole Manager

Friendship Village

$203,645,000
Fixed Rate Bonds
Sole Manager

Alura Senior Living

$32,780,000
Fixed Rate Bonds
Senior Co-Manager

Moorings Park

$32,040,000
Fixed Rate Bonds
Sole Manager

The Renaissance Senior Living

$6,540,000: Acquisition Bridge Bond
$6,730,000: Fixed Rate Long-Term Bonds
Sole Manager

Woodbridge Senior Living

$6,795,000
Acquisition Fixed Rate Bonds
Sole Manager

Brookside Glen Senior Living

$4,110,000: Acquisition Bridge Bond
$4,295,000: Fixed Rate Long-Term Bonds
Sole Manager

Family Allergy & Asthma

BB&T Capital Markets Serves as Exclusive Financial Advisor to PSF, PLLC, dba Family Allergy & Asthma in its recapitalization

Greenville Glen Senior Living

$4,505,000: Acquisition Bridge Bond
$4,690,000: Fixed Rate Long-Term Bonds
Sole Manager

Woodland Place Senior Living

$8,750,000: Acquisition Bridge Bond
$8,995,000: Fixed Rate Long-Term Bonds
Sole Manager

Lakewood Senior Living

$10,930,000
Fixed Rate Bonds
Sole Manager

Tapestry Moon Township

$76,540,000
Fixed Rate Long-Term Bonds
Sole Manager

Tapestry Moon Township

$78,070,000
Fixed Rate Bonds
Sole Manager

River Park Senior Living

$18,095,000
Fixed Rate Bonds
Sole Manager

Franciscan Communities

$38,405,000
Fixed Rate Bonds
Sole Manager

Friendship Senior Options

$122,550,000
Fixed Rate Bonds
Sole Manager

LifeSpire of Virginia

$49,750,000
Fixed Rate Bonds
Sole Manager

Tapestry Senior Living (Walden)

$26,000,000
Fixed Rate Bonds 
Sole Manager

Provision Healthcare

$118,660,000
Fixed Rate Bonds
Sole Manager

Pinnacle

$13,765,000
Fixed Rate Bonds
Sole Manager

American Tobacco Lofts

$13,850,000
Fixed Rate Bonds
Sole Manager

Tapestry Senior Living (Wickliffe)

$49,030,000
Fixed Rate Bonds
Sole Manager

Tapestry Senior Living (Moon Township)

$78,070,000
Fixed Rate Bonds
Sole Manager

Carolina Village

$18,945,000
Fixed Rate Bonds
Sole Manager

River Park Senior Living

$18,095,000
Fixed Rate Bonds
Sole Manager

Tapestry Senior Living Wickliffe

$49,030,000
Fixed Rate Bonds
Sole Manager

Aldersgate United Methodist Retirement Community, Inc.

$53,265,695
Fixed Rate Bonds and Bank Loans
Underwriter and Structuring Agent

Tapestry Senior Living Walden

$26,000,000
Fixed Rate Bonds
Sole Manager

Pinnacle

$13,765,000
Fixed Rate Bonds
Sole Manager

Wesley Commons

$27,110,000
Fixed Rate Revenue Refunding Bonds
Sole Manager

LifeSpire of Virginia

$85,505,000
Fixed Rate Revenue Refunding Bonds
Sole Manager

Stonebridge of Gurnee

$23,755,000
Fixed Rate Bonds
Sole Manager

Lakewood Senior Living

$10,930,000
Fixed Rate Bonds
Sole Manager

Lakewood Senior Living

$10,930,000
Fixed Rate Bonds
Sole Manager

Tapestry Senior Housing Development, LLC

$33,235,000
Fixed Rate Bonds
Sole Manager

Crest View Senior Communities

$55,650,000
Fixed Rate Revenue Bonds
Sole Manager    

Baptist Homes Society

$137,885,000
Fixed Rate Revenue Refunding Bonds
Sole Manager

The Moorings, Incorporated

$134,425,000
Residential Care Facility
Revenue Bonds
Underwriter & Structuring Agent

Tapestry Senior Housing Development

$33,235,000
Fixed Rate Bonds
Sole Manager

Crest View Senior Communities

$55,650,000
Fixed Rate Bonds
Sole Manager

What do our clients say?

Aldersgate United Methodist Retirement Community

“Once again, our colleagues at BB&T Capital Markets exceeded our expectations.

“They led us through a wonderfully successful transaction.

“We are so grateful to BB&T Capital Markets, for their leadership, expertise and guidance through this most exciting time in the life of Aldersgate.”

Suzanne Hodge Pugh
President and CEO
Aldersgate United Methodist Retirement Community, Inc.

LifeSpire of Virginia

“BB&T Capital Markets assisted us in negotiating terms for a temporary bank line of credit, conducted a very successful refinancing and restructuring of our existing debt, and helped our organization prepare for a successful repositioning of two of our campuses. This level of coordination and effort requires a firm with depth, creativity and commitment. We could not be more pleased that BB&T Capital Markets provided the same level of client service to LifeSpire of Virginia that we exhibit in caring for our residents.”

Jonathan Cook
President & CEO of LifeSpire

Moorings Park

“BB&T displayed creativity in helping us get to the market quickly.”

“BB&T executed the transaction as planned without surprises, and we felt informed throughout the process.”

“BB&T has a great team that was focused on Moorings Park’s best interest.”

Dan Lavender
President & CEO
The Moorings, Inc.

Holy Cross Village of Notre Dame

“BB&T Capital Markets has a phenomenal team. The plan of finance was executed to perfection. We especially want to recognize the team’s skill and expertise in managing a very aggressive timeline while overcoming multiple challenges. We could not be more pleased about the outcome of the transaction and our decision to have BB&T Capital Markets lead the way.”

John Mauch
President & CEO
Holy Cross Village of Notre Dame

Friendship Village of Schaumburg

"As 2017 drew to a close, potential tax code changes added uncertainty and complexity to our refinancing. Under the outstanding leadership of BB&T Capital Markets, our team performed in heroic fashion. We accomplished our $122,550,000 refinancing goal in just over 20 business days, in a market that was crowded at historic activity levels. The efficiency, collaboration and professionalism driving this effort made for an experience in which we are all justifiably proud as we enter our forty-first year of service to older adults.”

Steve Yenchek
President & CEO
Friendship Senior Options

Friendship Village of St. Louis

"BB&T Capital Markets delivered as a strategic partner to help us design and evaluate multiple financing structures to fund our largest expansion to date.”

“Even in the face of headwinds their expertise was reassuring and realistic, and they always kept our best interests as the top priority.”

“Thank you to the BB&T team for a monumental job well done.”

Tim Vosse
Chief Financial Officer
Friendship Village of St. Louis

BB&T Capital Markets is a division of BB&T Securities, LLC, a wholly owned nonbank subsidiary of BB&T Corporation and Member FINRA(opens in a new tab) / SIPC(opens in a new tab). Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Corporate banking products are offered through Branch Banking & Trust Company. Read all disclosures.