Friendship Village Historic Expansions Gain Even More Momentum
St. Louis, MO (January 2, 2019) – Friendship Village recently received an overwhelmingly positive response from investors when it issued bonds to complete financing for the expansion project at both of its St. Louis-area senior living campuses.
During the course of the bond sale, Friendship Village received offers for twice the $201MM requested. This interest in Friendship Village highlights that investors across the United States see Friendship Village as a financially strong institution, positioned for continued longevity.
Currently, Friendship Village is undergoing expansions at both its Sunset Hills and Chesterfield locations to add dynamic new spaces and amenities for existing and new residents. Work is scheduled to be complete in 2020, with 93% of new construction already sold.
“We are so happy to see the confidence shown by residents and partners in the longevity and stewardship of Friendship Village,” said Tim Vosse, Chief Financial Officer of FV Services, Inc., the management company for Friendship Village.
For more information about Friendship Village, or to schedule a visit, please call Hannah at 314-270-7833 for the Sunset Hills campus or John at 636-733-1062 at the Chesterfield campus.