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October 2017 — Health Care Properties Quarterly — Page 17
Senior Housing & Care
River Valley Inn, a 60-bed skilled nursing facility
in Del Norte, opened in June. The property will be
owned and managed by C&G Health Care Man-
agement Inc., which also owns and/or manages
eight skilled nursing facilities; six in southwest-
ern Colorado, and two in Arizona and New Mexi-
co. The new skilled facility will accept Medicare,
Medicaid and private pay residents.
Sales
A San Diego-based real estate investments firm,
Pathfinder Partners, purchased Shalom Village, an
Aurora 104-unit independent living community,
in June. Shalom Village exists within the Shalom
Park Senior Living Campus, which also offers
assisted living, memory care and skilled nursing.
The property was purchased for roughly $16 mil-
lion and will be renovated with some financial
assistance of Blueprint Healthcare Real Estate
Advisors. The property will be rebranded as Villa
Esprit and Hillcrest Development Group, a Den-
ver-based company, will operate the community
in partnership with Pathfinder Partners.
In July, Sable Care and Rehabilitation Center
in Aurora was sold by Blueprint Healthcare Real
Estate Advisors to an undisclosed buyer for $5.4
million. The 120-bed skilled nursing facility will
be managed by Vivage.
In July, The Ensign Group Inc. acquired two
properties in Colorado: The Villas at Sunny Acres
and Medallion Post-Acute Rehabilitation/Medal-
lion Villas from Centura Health. The Villas at
Sunny Acres in Thornton includes 134 beds of
skilled nursing, 35 units of assisted living and
198 units of independent living. Medallion Post-
Acute Rehabilitation/Medallion Villas in Colorado
Springs includes 60 beds of skilled nursing, 44
units of assisted living and 64 units of indepen-
dent living.
Haverland Carter LifeStyle Group purchased
Ralston Creek Living, a 109-unit assisted living
and 36-unit memory care community in Arvada.
The property name has been changed to Ralston
Creek Neighborhood. The purchase price was
$46.95 million.
In July, Harbert Seniors Housing Fund I LP
acquired MorningStar of Wheat Ridge, a 45-unit
assisted living and 19-unit memory care property,
from Confluent Senior Living. The price of the
sale was undisclosed. MorningStar Senior Living
will continue to manage the property.
These listings of construction starts, openings, and
property sales are as reported by Boulder-based The
Highland Group . For questions, contact info@thehigh-
or 720.565.0966.
GE T I N TOUCH TO SE E HOW WE
CAN DE L I VER FOR YOU .
OF F ICE
(303) 770-0755
HAYD E N B E HNK E
Senior Associate
PAM PYMS
Managing Director
Hidden Lake Homes, a 72-unit, age-qualified, income-restricted apartment property in Westminster,
opened in August. The architect was ej architecture and the general contractor was Alliance Construc-
tion. The property is owned and managed by the Jefferson County Housing Authority.