HJ SIMS EXECUTES REFUNDING FOR ASBURY’S MARYLAND OBLIGATED GROUP, GENERATING MATERIAL SAVINGS AND ACHIEVING LEVEL DEBT SERVICE
HJ SIMS EXECUTES REFUNDING FOR ASBURY’S MARYLAND OBLIGATED GROUP, GENERATING MATERIAL SAVINGS AND ACHIEVING LEVEL DEBT SERVICE
2 PagesCASE STUDY PARTNERED RIGHT ® Asbury’s Maryland Obligated Group (the “Maryland Obligated Group”) consists of two life plan communities – Asbury Methodist Village, located on approximately 130 acres in Gaithersburg, Montgomery County, Maryland, and Asbury~Solomons, located on approximately 58 acres bordering the Patuxent River in Solomons, Calvert County, Maryland – owned and operated by Asbury Atlantic, Inc. (“Atlantic”). Asbury Methodist Village (“AMV”) provides a continuum of living and care options for approximately 1,300 residents, and Asbury~Solomons provides a continuum of living and care options for approximately 470 residents. Atlantic is owned by Asbury Communities, Inc. (“Asbury”), which owns a number of other entities that operate life plan communities in Penn
