News
Lapis Financed Sale Process Concludes for The Oaks at Bartlett
Lapis was instrumental in designing, financing and leading a receivership process that culminated in the successful sale of The Oaks at Bartlett. A receiver was appointed on September 13th and the sale closed a mere 90 days later on December 13, 2024. The sale...
University Square Completes Successful Sale and Refinancing
In September 2024, Lapis and the Cleveland based developer, KL Holdings, celebrated the successful property sale and refinancing of bonds issued in 2001 that funded the construction of a five-level public parking garage in the city of University Heights, Ohio that...
Lapis Advisers Completes Acquisition of CalPlant
On August 23, 2024, Lapis Advisers acquired substantially all assets and real estate of the former CalPlant waste rice straw to medium density fiberboard (MDF) production facility from the CalPlant Liquidating Trust. The assets acquired by Lapis include approximately...
Edgemere Ranked Number One in Texas and Second in the United States among America’s Best Continuing Care Retirement Communities 2024
The Edgemere, owned by Lapis and located in Dallas, was ranked #1 in Texas and #2 in America’s Best Continuing Care Retirement Communities 2024....
Lapis Advisers Completes Acquisition of Edgemere
On June 14th 2023, Lapis Advisers acquired an upscale retirement community with over 500 units and luxurious amenities located on beautifully landscaped 16 acres in Preston Hollow, Dallas. More information can be found at...
Certus Living Celebrates The Grand Re-Opening of the Reserve of Geneva
Certus Living is pleased to announce the grand re-opening of The Reserve of Geneva, a boutique independent living community for the active adult age 55+ in Geneva, IL. Certus Living, based in Minneapolis, MN, began managing the 66-unit independent living community in...
The Heritage of Green Hills Hosts Ribbon Cutting Ceremony
The Heritage of Green Hills is celebrating the opening of the newly constructed state-of-the-art Health Care Center in Schillington, PA. More information can be found in the attached Heritage of Green Hills Press Release.
CleanFiber Secures $14 Million in Debt Financing to Expand Buffalo Production Facility
CleanFiber, LLC has secured $14 Million in Debt Financing from Lapis Advisers. The proceeds will be utilized to expand CleanFiber’s Buffalo Production Facility. CleanFiber makes high performance building insulation from recycled corrugated waste residuals. The...
Lapis Advisers Purchases and Refinances Bonds Backed by Vista Grande Villa
Kauhale Healthcare Management ("Kauhale") has been appointed as the new manager of Vista Grande Villa (Jackson, MI), a Continuing Care Retirement Community (CCRC), by Vista Grande Villa's board of directors. On March 23, 2022, Kauhale took over management of the...
Imhotep Institute Charter School, Inc. and Lapis Advisers Close $5.8 million Financing
Imhotep Institute Charter School, Inc. and Lapis Advisers, LP are pleased to announce the closing of a $5.8 million tax-exempt bond issuance. Lapis has been a financing partner of Imhotep since 2016 and, during such time, the executive management of Imhotep has...