Mark Myers of Kiser Group Brokers Sale of Forest Ridge Skilled Nursing Facility for $13 Million

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 Mark Myers, Partner at Kiser Group. “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.”

The skilled nursing market in Colorado continues to demonstrate solid performance, supported by robust Medicaid reimbursement rates and a growing need for long-term care services. The Colorado Springs region, in particular, benefits from unique demand drivers tied to its veterans population and established healthcare infrastructure.

“This transaction represents another example of how strategic acquisitions in strong healthcare markets can enhance both portfolio performance and community service capacity,” Myers added.

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