Case Study

ASBURY COMMUNITIES PARTNERS WITH HJ SIMS AGAIN TO STREAMLINE ITS CAPITAL STRUCTURE WITH ITS PENNSYLVANIA AND MARYLAND OBLIGATED GROUPS

ASBURY COMMUNITIES PARTNERS WITH HJ SIMS AGAIN TO STREAMLINE ITS CAPITAL STRUCTURE WITH ITS PENNSYLVANIA AND MARYLAND OBLIGATED GROUPS

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CASE STUDY PARTNERED RIGHT ® Asbury Communities, Inc. (“Asbury”), owns and operates life plan communities in Pennsylvania, Maryland, and Tennessee, as well as HUD Section 202 senior housing buildings, a foundation, and a for-profit technology consulting firm. All of the facilities that are included in its Pennsylvania and Maryland Obligated Groups are owned and operated by Asbury Atlantic, Inc. (“Atlantic”), a wholly-owned subsidiary of Asbury Communities. Asbury’s Pennsylvania Obligated Group (the “Pennsylvania Obligated Group”) consists of two communities – Bethany Village Retirement Center (“Bethany Village”) located in Mechanicsburg, Cumberland County, Pennsylvania and Springhill (“Springhill”) located in Erie, Pennsylvania, both life plan communities (LPCs). Bethany

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