Cordes & Company

Ailing Aurora CCRC facility strengthened, sold

St. Andrew’s Village is a 264-unit continuing care retirement community in Aurora, Colorado.  When the CCRC had defaulted on its loan obligations, the Arapahoe County District Court appointed Cordes & Company as receiver for this property, which includes independent living, assisted living and skilled-nursing units.  Cordes oversaw the change in facility management, the creation and implementation of revised annual and operating budgets and the improvement of bottom-line operating income.  The firm assisted in the sale of the note to a new lender/investor and transition of control to the new owner.  With Cordes’ assistance, St. Andrew’s Village continues to serve Aurora’s seniors.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
220 South 6th Street
Suite 2125
Minneapolis, MN 55402
Telephone: 612.455.6027
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