Public Finance Authority

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PFA Closes Financing with Roseman University Health Sciences

$70 million in tax-exempt bonds will be used to acquire and equip Flagship Building in Las Vegas

The Public Finance Authority (PFA) has provided $70 million of tax-exempt revenue bonds for the purpose of financing the acquisition and equipping of the Flagship Building located in Las Vegas, Nevada.

The “Flagship Building” will be purchased with proceeds of the Series 2015 Issue.  This building was opened in 2005 and encompasses approximately 142,000 square feet and will also be used primarily for the new college of Medicine as clinical space that can be used by its medical students.  Approximately 42,000 square feet is expected to be leased to an outside party for clinical use.

Roman University of Health Sciences is a private, not-for-profit, co-educational institution of higher education specializing in healthcare education.  Founded in 1999, the University currently operates two campuses.  The initial campus is located in Henderson, Nevada.  The second campus, established in 2006, is located in South Jordan, Utah.  The third campus (Flagship Building), future site of Roseman’s College of Medicine, will be in the Summerlin community in the Las Vegas, Nevada.

PFA partnered with George K. Baum & Company, and Kutak Rock to provide financing to Roseman in order to acquire 184,000 square feet and increase enrollment to the educational facility.