The capital will support the construction of the Aeries tower, a 12-story facility on the main campus featuring 95 independent living units, alongside 19 moderate-income apartments at Chapel Court Living and four new residential buildings at the WyndStone location. This development represents the largest single project in the organization's current growth strategy.
In section Releases
St. John's United Secures $191 Million for Montana Expansion
St. John's United has finalized $191.46 million in bond financing through the Montana Facility Finance Authority to launch its ambitious Aeries project. The investment will fund a major expansion across the organization's Billings and Laurel campuses, adding significant capacity to its senior living continuum of care in the state.
Ziegler managed the bond issuance, which includes a mix of tax-exempt and taxable short-term and long-term debt. Beyond construction, the funds are earmarked to refinance existing debt and settle a final contribution to SCL Health – Montana. Daren Bell, managing director at Ziegler, noted that the deal was strengthened by the integration of Missions United into the borrower's obligated group. CEO David Trost described the financing as a milestone for the organization, emphasizing its role in meeting the rising demand for senior services in the region.
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