CCN 325045 · Bernalillo County, New Mexico
Princeton Health & Rehabilitation
500 Louisiana Boulevard NE, Albuquerque, NM 87108
Princeton Health & Rehabilitation is a 369-bed for-profit nursing home in Albuquerque, New Mexico, first certified for Medicare or Medicaid in 1986. CMS rates it 2 out of 5 stars overall in its September 2026 data, and it averaged 286.5 residents a day, about 78% of its certified beds. We found no FHA-insured Section 232 loan for it in HUD's healthcare endorsement database (fiscal 2001 onward).
Facility facts
- Certified beds
- 369
- Average residents per day
- 286.5 (77.6% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- 369 Albuquerque Ops LLC
- Certified since
- Mar 5, 1986
- 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 | New Mexico median | US median |
|---|---|---|---|
| Overall rating | 2 of 5 | State spread: 12 at 1, 21 at 2, 13 at 3, 7 at 4, 14 at 5 | |
| Health inspections | 2 of 5 | ||
| Quality measures | 4 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 3.61 | 3.43 | 3.68 |
| RN hours per resident per day | 0.76 | 0.59 | 0.58 |
| Weekend nurse hours per resident per day | 3.24 | ||
| Nursing staff turnover | 45.4% | 52.8% | 44.9% |
| Occupancy (residents / beds) | 77.6% | 88.3% | 85.7% |
| Fines reported by CMS | 2 totaling $154,457 | ||
| Health deficiencies, latest standard survey | 28 (Jul 25, 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). Princeton Health & Rehabilitation meets that part today: 2 stars overall, 2 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 |
|---|---|---|---|
| Overhead Ops Investments II LLCOrganization | Direct Ownership Interest | 100% | 02/01/2024 |
| Kccj1 Holdings LLCOrganization | Indirect Ownership Interest | 50% | 02/01/2024 |
| Lbei Holdings LLCOrganization | Indirect Ownership Interest | 50% | 02/01/2024 |
| Bell, KevinIndividual | Indirect Ownership Interest | n/a | 02/01/2024 |
| Campion, RobertIndividual | Indirect Ownership Interest | n/a | 02/01/2024 |
In its Medicare enrollment record, the facility reported a real estate investment trust owner: Dwight Mortgage Trust LLC. Those flags are self-reported to CMS and many PE and REIT ties go unflagged.
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Feb 1, 2024 | 369 Albuquerque Ops LLC | Ww Healthcare LLC |
HUD Section 232 loans
No FHA-insured loan matching this facility appears in HUD's database of healthcare endorsements, which covers fiscal 2001 onward (HUD data run of July 8, 2026). A loan could still exist under a different project name or from before 2001.
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.