CCN 106046 · Alachua County, Florida
Terrace Healthcare & Rehabilitation Center
7207 SW 24th Ave, Gainesville, FL 32608
Terrace Healthcare & Rehabilitation Center is a 138-bed for-profit nursing home in Gainesville, Florida, first certified for Medicare or Medicaid in 2002. CMS rates it 5 out of 5 stars overall in its September 2026 data, and it averaged 132.4 residents a day, about 96% of its certified beds. It has an active FHA-insured Section 232 loan: $40.1 million originally, at 8.10%, with $40.1 million outstanding as of September 30, 2026 and maturity in August 2061.
Facility facts
- Certified beds
- 138
- Average residents per day
- 132.4 (95.9% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Terrace Healthcare & Rehabilitation Center LLC
- Certified since
- Jun 27, 2002
- Chain or affiliated group
- Gold Fl Trust II (36 facilities, chain average 3.4 stars)
- Location
- Urban
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | Florida median | US median |
|---|---|---|---|
| Overall rating | 5 of 5 | State spread: 89 at 1, 143 at 2, 125 at 3, 156 at 4, 178 at 5 | |
| Health inspections | 4 of 5 | ||
| Quality measures | 5 of 5 | ||
| Staffing | 2 of 5 | ||
| Total nurse hours per resident per day | 3.55 | 3.63 | 3.68 |
| RN hours per resident per day | 0.40 | 0.62 | 0.58 |
| Weekend nurse hours per resident per day | 3.17 | ||
| Nursing staff turnover | 61.7% | 41.9% | 44.9% |
| Occupancy (residents / beds) | 95.9% | 92.2% | 85.7% |
| Fines reported by CMS | 1 totaling $13,674 | ||
| Health deficiencies, latest standard survey | 5 (Mar 19, 2026) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Terrace Healthcare & Rehabilitation Center meets that part today: 5 stars overall, 4 on health inspections, no abuse icon. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| Terrace SNF Holdco LLCOrganization | Direct Ownership Interest | 100% | 03/23/2022 |
| Fl Master Opco Holdco LLCOrganization | Indirect Ownership Interest | 100% | 07/27/2022 |
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Jul 27, 2022 | Terrace Healthcare & Rehabilitation Center LLC | Terrace Health Nh LLC |
HUD Section 232 loans
HUD's Office of Healthcare Programs lists these FHA-insured loans for a project we matched to this facility by name, city and bed count. Status, rate and balance come from HUD's insured-mortgage files as of September 30, 2026. Check the FHA number against the loan documents before relying on the match.
| Endorsed | Program | Original amount | Status | FHA number |
|---|---|---|---|---|
| Jul 8, 2026 | 232/ 223(f)/Pur/Refin/ Nursing HmsHUD project name: Terrace Healthcare & Rehabilitation Center, 82 beds | $40,088,200 | Active: 8.10%, $40,071,148 balanceMatures Aug 1, 2061. Servicer: Greystone Servicing Company | 06322157 |
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.