The Woodlands at Furman Expanding With $20 Million in JEDA Bonds
Greenville, SC — Greenville County
The South Carolina Jobs-Economic Development Authority (JEDA) has issued $20 million in Healthcare Facilities Revenue Bonds to finance expansions and additions at The Woodlands at Furman senior living campus in Greenville.
Plans include a 22-unit, four-floor independent living facility with parking garage. The main facility will be expanded by 6,000 square feet to accommodate a new library, conference room, and kitchen and dining capacity.
The Woodlands at Furman is a not-for-profit campus operated by Upstate Senior Living and offers residents amenities through its partnership with the adjacent Furman University.
“Interest just continues to increase in The Woodlands at Furman and the ability to efficiently and effectively finance improvements and expansions like this enhance our ability to meet that demand.”
Rick Brackett, President and CEO of The Woodlands at Furman
“Our growing population will continue to add to the demand for continuum of care options like The Woodlands at Furman, and we’re happy to help by working with them through the complex process of issuing tax-exempt revenue bonds,” said Brad Love, Bond Counsel with Haynsworth Sinkler Boyd, P.A., in Greenville.
“We’re happy to once again help provide critical financing that empowers both new and well-established organizations to boost their capacity to serve the aging population across the Palmetto State,” said Jesse A. Smith, Executive Director of JEDA in Columbia.
