Alexandria Industrial Development, Va., plans $72.63 million bond sale

By Sheri Kasprzak

New York, April 27 – The Alexandria Industrial Development Authority of Virginia is set to price $72.63 million of series 2015 residential care facilities mortgage revenue bonds for Goodwin House Inc., said a preliminary official statement.

The bonds (//BBB) will be sold on a negotiated basis with Ziegler & Co. and Davenport & Co. as the senior managers.

The bonds are due 2015 to 2025 with term bonds due in 2030, 2035, 2045 and 2050.

Proceeds will be used to finance improvements and upgrades to Goodwin House, a continuing care retirement facility in Alexandria, and to refund the authority’s series 2005 variable-rate demand bonds.

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