Nevada skilled nursing facility trades for $33M

LAS VEGAS, Jan. 28, 2025 –  JLL Capital Markets announced today that it has completed the $33 million sale of Coronado Ridge Skilled Nursing and Rehabilitation Center (formerly known as Horizon Ridge), a 121-bed skilled nursing facility in Henderson, Nevada.

JLL’s Seniors Housing Capital Markets team, in conjunction with Managing Director Mark Wintner, represented the seller, a joint venture between CREC Real Estate, LLC and The Calida Group. The sale represents one of the highest prices per bed for a skilled nursing facility in Nevada history.

Coronado Ridge is positioned on a 2.3-acre site at 2855 West Horizon Ridge Pkwy in the growing Las Vegas suburb of Henderson. The property is well-located to receive discharges from the area’s primary hospitals, including Dignity Health – St. Rose Dominican Siena Campus. In addition, it sits across the street from a 132-unit seniors housing community and a 62-unit memory care facility, both of which are synergistic uses to Coronado Ridge.

Completed in 2017, Coronado Ridge is a two-story facility offering 90 resident rooms with 121 licensed beds. The 68,873-square-foot property offers parking for 80 vehicles, interior courtyards and dining areas.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

CREC Real Estate, LLC (CREC) is a private equity real estate investment firm based in Columbus, Ohio. The vertically integrated real estate investment firm has more than $1B of real estate assets under management. Employing a value-add strategy, the firm specializes in multifamily and senior living investments in supply constrained, high barrier-to-entry markets nationwide. Since CREC’s inception in 2001, it has closed on institutional-caliber real estate investments across 19 states. For additional information please visit crecrealestate.com.

The Calida Group is a leading developer, investor, and operator of multifamily real estate properties in the western United States.  Founded in 2007 by Douglas Eisner and Eric Cohen, the principals have developed or acquired more than 24,000 multifamily units, and its senior management combines over 100 years of real estate experience.  Calida invests roughly $1 billion annually across three primary strategies (Development, Value-Add Acquisitions and Core-Plus Acquisitions) on behalf of a series of discretionary commingled funds serving the family office and ultra-high net worth communities, as well as forming partnerships with many of the nation’s largest financial institutions. 

Calida begins with strategic and creative deal sourcing methods to identify investment opportunities that are often completely off market or otherwise less competitively advertised. Then, by leveraging the firm’s lifestyle-oriented design capabilities and operational expertise, Calida tailors’ unique business plans for each asset. Finally, by meticulously implementing these business plans while managing construction risk, conservatively financing each property and employing thoughtful tax planning, Calida is able to create superior investment opportunities with lower risk than would typically be expected in deals of similar return profiles.

For more information please visit us at thecalidagroup.com, or reach out to our investor relations