Case Study
Sims Helps Client Of Over 30 Years Secure New Construction And Health Center Restructuring Financing
Sims Helps Client Of Over 30 Years Secure New Construction And Health Center Restructuring Financing
CASE STUDY PARTNERED RIGHT Brookhaven at Lexington is a type-A life plan community located on a 32-acre site in Lexington, MA, about 11 miles northwest of Boston. The facility opened in 1989 and, in 2006, completed a major expansion and renovation of its campus and now has 240 independent living units, 20 assisted care units, and 49 skilled nursing beds. Brookhaven has maintained a Fitch ‘A+’ rating since 2014. The rating of ‘A+’ reflects Brookhaven’s excellent financial profile and solid demand for services with most metrics well exceeding the ‘A’ category medians. Over the past few years, as part of an extensive master planning process, Brookhaven considered undertaking major renovations, reconfigurations and new development. Brookhaven ultimately decided to pursue a rec