Octus Radio

Americas Core Credit: Recent Municipal Credit Trends in CCRCs (Aug. 20, 2021)


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On this week’s podcast the Americas Core Credit team replays our municipals webinar from a few weeks ago where members of our Americas Municipals coverage team discussed recent credit trends in continuing care retirement communities, or CCRCs, as the industry has seen a wide range of outcomes, including Vicar’s Landing’s recent borrowing of $84.4 million in connection with the expansion of its Ponte Vedra Beach community; the chapter 11 filings of The Harborside and The Buckingham; and defaulted credits that are still exploring their options, such as Glen Hope Harbor and American Eagle.
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