Odd Fellows Home Secures $101M to Expand California CCRC

Financing will support growth plans for the not-for-profit senior living provider's two existing communities.

Apr. 8, 2026 at 5:12am

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A minimalist studio still life photograph featuring architectural plans, a silver pen, and a metal paperweight in a monochromatic color palette, symbolizing the planning and investment behind Odd Fellows Home's senior living community expansion.The $101 million bond financing will allow Odd Fellows Home to expand and upgrade its senior living communities in California.Fellows Today

Odd Fellows Home of California, a not-for-profit senior living provider, has secured $101.7 million in Series 2026AB bonds through the California Statewide Communities Development Authority. The financing, arranged by investment bank Ziegler, will support expansion plans for Odd Fellows Home's two existing continuing care retirement communities (CCRCs) in the state.

Why it matters

The investment highlights the ongoing growth and development in the senior living sector, particularly for established not-for-profit providers looking to expand their footprint and services. Odd Fellows Home's expansion aligns with broader industry trends of CCRCs upgrading and adding capacity to meet rising demand from aging baby boomers.

The details

The $101.7 million in Series 2026AB bonds will allow Odd Fellows Home to fund capital improvements and expansions at its two existing CCRC campuses in California. The financing was arranged through the California Statewide Communities Development Authority, marking Ziegler's first deal with Odd Fellows Home.

  • The bond financing closed on April 8, 2026.

The players

Odd Fellows Home of California

A California not-for-profit public benefit corporation that owns and operates two senior living communities providing residential, assisted living, and skilled nursing services.

Ziegler

An investment bank that specializes in the senior living and healthcare sectors and arranged the $101.7 million bond financing for Odd Fellows Home.

California Statewide Communities Development Authority

A joint powers authority that provides financing solutions for public agencies and private companies, including the $101.7 million bond issuance for Odd Fellows Home.

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What’s next

Odd Fellows Home plans to use the bond proceeds to fund capital improvements and expansions at its two existing CCRC campuses in California, though specific details on the expansion projects have not been announced.

The takeaway

The $101.7 million bond financing for Odd Fellows Home demonstrates the ongoing investment and growth in the senior living sector, particularly for established not-for-profit providers looking to upgrade and expand their continuum of care offerings to meet rising demand from aging baby boomers.