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CREC Real Estate, The Calida Group JV sell Nevada skilled nursing facility for $33m
Transactions - JANUARY 30, 2025

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CREC Real Estate, The Calida Group JV sell Nevada skilled nursing facility for $33m

by Denise Moose

A joint venture between CREC Real Estate and The Calida Group has sold Coronado Ridge Skilled Nursing and Rehabilitation Center, a 121-bed skilled nursing facility in Henderson, Nev., formerly known as Horizon Ridge, for $33 million.

JLL’s Seniors Housing Capital Markets team represented the seller. 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 Parkway in a growing Las Vegas suburb. The property is well-located to receive discharges from the area’s primary hospitals, including Dignity Health – St. Rose Dominican Siena Campus. It is also across the street from a 132-unit seniors housing community and a 62-unit memory care facility.

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

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