CCN 245055 · Hennepin County, Minnesota
Lakehouse Healthcare & Rehabilitation Center
3737 Bryant Avenue South, Minneapolis, MN 55409
Lakehouse Healthcare & Rehabilitation Center is a 260-bed for-profit nursing home in Minneapolis, Minnesota, first certified for Medicare or Medicaid in 1967. CMS rates it 1 out of 5 stars overall in its September 2026 data, and it averaged 235.0 residents a day, about 90% of its certified beds. It has an active FHA-insured Section 232 loan: $44.6 million originally, at 5.28%, with $44.2 million outstanding as of September 30, 2026 and maturity in November 2060.
Facility facts
- Certified beds
- 260
- Average residents per day
- 235.0 (90.4% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Lake Harriet Operator LLC
- Certified since
- Jan 1, 1967
- Chain or affiliated group
- None listed by CMS
- 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 | Minnesota median | US median |
|---|---|---|---|
| Overall rating | 1 of 5 | State spread: 64 at 1, 61 at 2, 58 at 3, 64 at 4, 89 at 5 | |
| Health inspections | 1 of 5 | ||
| Quality measures | 2 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 3.34 | 4.16 | 3.68 |
| RN hours per resident per day | 0.70 | 0.97 | 0.58 |
| Weekend nurse hours per resident per day | 3.09 | ||
| Nursing staff turnover | 34.5% | 40.0% | 44.9% |
| Occupancy (residents / beds) | 90.4% | 87.4% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 23 (Aug 15, 2025) | ||
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). Lakehouse Healthcare & Rehabilitation Center does not meet it today: overall rating 1, health inspection 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 |
|---|---|---|---|
| Lake Harriet Operator Holdings LLCOrganization | Direct Ownership Interest | 100% | 05/01/2023 |
| Ccp Mn Holdings, LLCOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Glen Holdco LLCOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Harmony Holdings 2005, LLCOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Highview Holdco LLCOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Jk 2022 Family TrustOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Lighthouse Holdings 2016, LLCOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Mimi Holdco LLCOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Mn Holdings 101 LLCOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Mn V Associates LLCOrganization | Indirect Ownership Interest | n/a | 05/01/2023 |
| Sshg Family Grantor TrustOrganization | Indirect Ownership Interest | n/a | 01/01/2025 |
| Ydn Family Grantor TrustOrganization | Indirect Ownership Interest | n/a | 01/01/2025 |
| Fairbairn, ScottIndividual | Operational / Managerial Control | n/a | 05/01/2023 |
| Hewitt, ReidIndividual | Operational / Managerial Control | n/a | 03/14/2025 |
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| May 1, 2023 | Lake Harriet Operator LLC | Walker Methodist Health Center Inc |
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 |
|---|---|---|---|---|
| Oct 30, 2025 | 223(f) refinance or purchaseHUD project name: Lakehouse Healthcare and Rehabilitation Center, 260 beds. Lender at endorsement: White Oak Healthcare Finance LLC | $44,588,100 | Active: 5.28%, $44,212,040 balanceMatures Nov 1, 2060. Servicer: Merchants Capital Corp. | 09222210 |
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.