LOS ANGELES, CA – E on Grand, the new 115 unit DTLA luxury apartment community by 4D Development and Investment announced its opening. Moss & Company has been appointed to manage the community, which is the latest mixed-use project in the continued housing boom of the Downtown Los Angeles region.

Located on the corner of Pico and Grand, E on Grand is just steps from the best shopping, fine dining and entertainment Los Angeles has to offer, including Staples Center and LA Live. According to Costar, more than 6,000 new residential units have delivered in Downtown LA since 2014, and demand for the new apartments has been robust.

David Pourbaba, 4D Development’s President and CEO, stated, “We designed E on Grand with precise focus on the resident experience. We are bringing boutique-style living to the South Park area where our residents will delight in a community feel, robust common space, and balconies in every unit.” Pourbaba continued, “Our focus was to make the building a real home to the residents, not a typical apartment complex.”

The 7-tale building will consist of studio, one and two bedroom apartments. All floorplans are designed with luxury features including up to 12 foot ceilings, frosted glass balconies, stainless steel appliances, high end cabinetry and countertops, and washers & dryers. The residents at E on Grand will delight in access to an outdoor entertainment area with a wet bar, a sky terrace with a barbeque grill, a resident lounge with Wi-Fi, a fitness center and an oversized spa. Starbucks will be anchoring the ground floor retail.

“We are very excited to work with David and his team at 4D Development & Investment. E on Grand is a unique property in a booming area of DTLA and we look forward to executing his vision,” said Chris Gray, Moss & Company’s Executive Vice President

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WEST COLUMBIA, SC – Ziegler, a specialty investment bank, announced the successful closing of the $39,325,000 Series 2017 financing for the South Carolina Episcopal Home at Still Hopes, a long-standing Ziegler client.

The South Carolina Episcopal Home at Still Hopes d/b/a Still Hopes was incorporated in 1975 as a South Carolina not-for-profit corporation, to own and operate a continuing care retirement community (CCRC) on an approximately 43-acre site in West Columbia, South Carolina known as Still Hopes.

Still Hopes stands on the Guingnard family homeplace known as Still Hopes that dates back to the early 1800’s, which was transferred to Still Hopes in 1977 and still features a 107-year ancient antebellum style mansion as a landmark to this day. Still Hopes currently consists of 192 Independent Living Units, 24 Dementia Helped Living Units, 22 Rehabilitation Beds and 40 Skilled Nursing Beds.

Proceeds of the Series 2017 Bonds will be used, together with other available funds, to (i) finance the cost of constructing and equipping a new health center to be known as HealthPointe (48 skilled nursing beds and 22 helped living apartments) that will replace its existing 40 skilled nursing beds; (ii) fund a debt service reserve fund; (iii) fund interest during construction and (iv) pay certain costs of issuance associated with the financing.

“Still Hopes and Ziegler have a long-standing relationship and Ziegler is proud to be a partner with Still Hopes over the years. Still Hopes stands out as a progressive organization that strives to stand at the forefront of the industry and provide its residents with a world class experience. The Health Pointe project continues this tradition at Still Hopes and the highly successful Series 2017 financing was met with widespread support from the capital markets,” commented Tad Melton, Managing Director in Ziegler’s senior living practice.

Ziegler is one of the nation’s leading underwriters of financing for not-for-profit senior living providers. Ziegler offers creative, tailored solutions to its senior living clientele, including investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic plotting as well as senior living research, education, and communication.

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