Mark Myers of Kiser Group has successfully brokered the sale of Forest Ridge, a 95%-occupied skilled nursing facility located in the Colorado Springs metro area, for $13 million.

The buyer, Cottonwood, acquired Forest Ridge to serve as the flagship property within its expanding portfolio of more than 30 skilled nursing facilities across Colorado. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” said Myers.

The nursing and rehabilitation facility offers memory care, long term skilled services, and palliative care. “The facility’s proximity to a 15-bed critical access hospital and its location within a community with a significant veterans population provide strong upside potential for expanding both VA and Medicare resident bases,” added Myers.