CCN 315140 · Somerset County, New Jersey
Waterfront Rehabilitation and Healthcare Center
633 State Route 28, Raritan, NJ 08869
Waterfront Rehabilitation and Healthcare Center is a 138-bed for-profit nursing home in Raritan, New Jersey, first certified for Medicare or Medicaid in 1972. CMS rates it 5 out of 5 stars overall in its September 2026 data, and it averaged 132.2 residents a day, about 96% of its certified beds. It has an active FHA-insured Section 232 loan: $14.3 million originally, at 6.00%, with $14 million outstanding as of September 30, 2026 and maturity in September 2058.
Facility facts
- Certified beds
- 138
- Average residents per day
- 132.2 (95.8% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Rivers Edge SNF LLC
- Certified since
- Oct 15, 1972
- Chain or affiliated group
- Atlas Healthcare (30 facilities, chain average 3.5 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 | New Jersey median | US median |
|---|---|---|---|
| Overall rating | 5 of 5 | State spread: 33 at 1, 71 at 2, 70 at 3, 90 at 4, 82 at 5 | |
| Health inspections | 4 of 5 | ||
| Quality measures | 5 of 5 | ||
| Staffing | 3 of 5 | ||
| Total nurse hours per resident per day | 2.97 | 3.60 | 3.68 |
| RN hours per resident per day | 0.38 | 0.55 | 0.58 |
| Weekend nurse hours per resident per day | 2.78 | ||
| Nursing staff turnover | 34.3% | 38.9% | 44.9% |
| Occupancy (residents / beds) | 95.8% | 87.8% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 2 (Nov 24, 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). Waterfront Rehabilitation and Healthcare 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 |
|---|---|---|---|
| Rivers Edge Holdco LLCOrganization | Direct Ownership Interest | 100% | 04/01/2023 |
| Copper Nj TrustOrganization | Indirect Ownership Interest | n/a | 04/01/2023 |
| Gold Nj TrustOrganization | Indirect Ownership Interest | n/a | 04/01/2023 |
| Malt Family TrustOrganization | Indirect Ownership Interest | n/a | 04/01/2023 |
| Nj Mazel Parentco LLCOrganization | Indirect Ownership Interest | n/a | 04/01/2023 |
| Nj Noble Parentco LLCOrganization | Indirect Ownership Interest | n/a | 04/01/2023 |
| Sgs 2010 Family TrustOrganization | Indirect Ownership Interest | n/a | 04/01/2023 |
| Silver Nj TrOrganization | Indirect Ownership Interest | n/a | 04/01/2023 |
| Tyh 2017 TrustOrganization | Indirect Ownership Interest | n/a | 04/01/2023 |
| Meisner, RobertIndividual | Indirect Ownership Interest | n/a | 04/01/2023 |
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Apr 1, 2023 | Rivers Edge SNF LLC | Rre Operating 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 |
|---|---|---|---|---|
| Aug 16, 2023 | 223(f) refinance or purchaseHUD project name: Waterfront Rehabilitation and Healthcare Center, 138 beds. Lender at endorsement: Newpoint Real Estate Capital LLC | $14,347,700 | Active: 6.00%, $13,951,561 balanceMatures Sep 1, 2058. Servicer: Newpoint Real Estate Capital | 03122151 |
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.