Public Finance Authority to issue $120 million of bonds for WholeLife

By Toni Weeks

San Luis Obispo, Calif., Sept. 18 - WholeLife Cos. announced that the board of Public Finance Authority unanimously agreed to finance WholeLife's acquisition, construction, installation and equipping of two senior living WholeLife Traditions communities. Samarian Housing, a nonprofit organization, will own the two communities, to be established in Chattanooga, Tenn., and San Antonio.

According to a press release, Madison, Wis.-based Public Finance Authority, a government entity established to issue tax-exempt conduit bonds for public and private entities nationwide, approved a $120 million bond for the new communities.

Oklahoma City-based WholeLife, a developer of luxury rental living communities, also announced it has identified six additional locations for further communities: Houston, Dallas, Atlanta, Branson, Mo., Pigeon Forge, Tenn., and Austin, Texas.

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