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Sterling Ridge - Las Vegas, NV
Location: Las Vegas, Nevada
Size: 122 Unit Independent Living Facility
Status: Owned / Operated
Size: 122 Unit Independent Living Facility
Status: Owned / Operated
At the time of acquisition, the property had
approximately 50% occupancy, was negatively cash
flowing, had a poor reputation in the market and had
lost its Assisted Living license. The physical
condition of the property was dated and in need of
improvements.
Through a comprehensive physical plant
rehabilitation and a complete operations overhaul,
Sterling Senior Communities is relicensing the facility
to Assisted Living and Memory Care. Sterling brings
its professional management team to establish
profitability through upgrades to systems,
operations, marketing and the physical plant.
approximately 50% occupancy, was negatively cash
flowing, had a poor reputation in the market and had
lost its Assisted Living license. The physical
condition of the property was dated and in need of
improvements.
Through a comprehensive physical plant
rehabilitation and a complete operations overhaul,
Sterling Senior Communities is relicensing the facility
to Assisted Living and Memory Care. Sterling brings
its professional management team to establish
profitability through upgrades to systems,
operations, marketing and the physical plant.
