CCN 145372 · Will County, Illinois
Pearl of Joliet, the
306 North Larkin Avenue, Joliet, IL 60435
Pearl of Joliet, the is a 214-bed for-profit nursing home in Joliet, Illinois, first certified for Medicare or Medicaid in 1978. CMS rates it 1 out of 5 stars overall in its September 2026 data, and it averaged 135.6 residents a day, about 63% of its certified beds. It has an active FHA-insured Section 232 loan: $17.2 million originally, at 5.75%, with $17.2 million outstanding as of September 30, 2026 and maturity in August 2061.
Facility facts
- Certified beds
- 214
- Average residents per day
- 135.6 (63.4% of beds)
- Ownership type
- For profit - Partnership
- Certification
- Medicare and Medicaid
- Legal business name
- Pearl of Joliet LLC
- Certified since
- Sep 8, 1978
- Chain or affiliated group
- Pearl Healthcare (15 facilities, chain average 2.6 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 | Illinois median | US median |
|---|---|---|---|
| Overall rating | 1 of 5 | State spread: 245 at 1, 112 at 2, 103 at 3, 108 at 4, 93 at 5 | |
| Health inspections | 2 of 5 | ||
| Quality measures | 3 of 5 | ||
| Staffing | 1 of 5 | ||
| Total nurse hours per resident per day | 3.13 | 3.29 | 3.68 |
| RN hours per resident per day | 0.61 | 0.61 | 0.58 |
| Weekend nurse hours per resident per day | 2.64 | ||
| Nursing staff turnover | 42.6% | 43.4% | 44.9% |
| Occupancy (residents / beds) | 63.4% | 76.8% | 85.7% |
| Fines reported by CMS | 3 totaling $106,223 | ||
| Health deficiencies, latest standard survey | 14 (May 7, 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). Pearl of Joliet, the does not meet it today: overall rating 1. 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 |
|---|---|---|---|
| Phc Ovj LLCOrganization | Direct Ownership Interest | 99% | 05/01/2022 |
| Kushner Family Idf LLCOrganization | Indirect Ownership Interest | 8% | 05/01/2022 |
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| May 1, 2022 | Pearl of Joliet LLC | Symphony Deerbrook 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 9, 2026 | 232/ 223(f)/Pur/Refin/ Nursing HmsHUD project name: Pearl of Joliet the, 81 beds | $17,206,500 | Active: 5.75%, $17,193,710 balanceMatures Aug 1, 2061. Servicer: Newpoint Real Estate Capital | 07122581 |
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.