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.

Colorado
5299 DTC Boulevard
Suite 600
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.6027
California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
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