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$240M Bond Issue for Boston Life Plan Community

Fairfield, CT-based HJ Sims is underwriting the upcoming issue of refunding bonds for Massachusetts Development Finance Agency’s NewBridge on the Charles project. The $239.9 million financing marks the largest fixed rate public bond issue for a single site Life Plan Community (LPC).

NewBridge on the Charles is an LPC located in Dedham, MA, roughly 10 miles southwest of Boston and managed by Hebrew SeniorLife. The facility opened in 2009, and provides a full continuum of care for its residents through 256 independent living apartments, villas and cottages, 91 assisted living suites offering traditional care and memory support, and a health-care center with 268 skilled and chronic care beds.

Proceeds from the bonds will refund NewBridge’s outstanding debt and pay issuance costs. HJ Sims serves as underwriter, along with Bank of America Merrill Lynch. The financing is expected to close by the end of the year.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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