CCN 245067 · Rice County, Minnesota
The Emeralds at Fairbault LLC
500 Southeast First Street, Faribault, MN 55021
The Emeralds at Fairbault LLC is a 109-bed for-profit nursing home in Faribault, 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 80.9 residents a day, about 74% of its certified beds. It has an active FHA-insured Section 232 loan: $13.2 million originally, at 5.84%, with $13.2 million outstanding as of September 30, 2026 and maturity in August 2061.
Facility facts
- Certified beds
- 109
- Average residents per day
- 80.9 (74.2% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- The Emeralds at Faribault LLC
- Certified since
- Jan 1, 1967
- Chain or affiliated group
- Monarch Healthcare Management (45 facilities, chain average 2.2 stars)
- Location
- Rural
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 | 3 of 5 | ||
| Staffing | 3 of 5 | ||
| Total nurse hours per resident per day | 3.31 | 4.16 | 3.68 |
| RN hours per resident per day | 0.87 | 0.97 | 0.58 |
| Weekend nurse hours per resident per day | 3.05 | ||
| Nursing staff turnover | 63.8% | 40.0% | 44.9% |
| Occupancy (residents / beds) | 74.2% | 87.4% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 12 (Jul 22, 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). The Emeralds at Fairbault LLC 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 |
|---|---|---|---|
| Jca Holdings LLCOrganization | Direct Ownership Interest | 10% | 02/01/2019 |
| Nij LLCOrganization | Direct Ownership Interest | 10% | 02/01/2019 |
| Spartan Healthcare LLCOrganization | Direct Ownership Interest | 30% | 02/01/2019 |
| Wbs Holdings LLCOrganization | Direct Ownership Interest | 20% | 02/01/2019 |
| Yazoma Holdings, LLCOrganization | Direct Ownership Interest | 30% | 02/01/2019 |
| Halpert, MarcIndividual | Indirect Ownership Interest | 30% | 02/01/2019 |
| Jaffa, NoamIndividual | Indirect Ownership Interest | 10% | 02/01/2019 |
| Legum, JoshuaIndividual | Indirect Ownership Interest | 30% | 02/01/2019 |
| Stern, WilliamIndividual | Indirect Ownership Interest | 20% | 02/01/2019 |
| Monarch Healthcare Operating Viii LLCOrganization | Operational / Managerial Control | n/a | 02/01/2019 |
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Feb 1, 2019 | The Emeralds at Faribault LLC | Faribault Healthcare 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 28, 2026 | 232/ 223(f)/Pur/Refin/ Nursing HmsHUD project name: The Emeralds at Faribault, 70 beds | $13,208,000 | Active: 5.84%, $13,198,382 balanceMatures Aug 1, 2061. Servicer: Newpoint Real Estate Capital | 09222225 |
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.