CCN 325126 · Bernalillo County, New Mexico
Las Estancias by Pure Health
3620 Las Estancias Dr SW, Albuquerque, NM 87121
Las Estancias by Pure Health is a 120-bed for-profit nursing home in Albuquerque, New Mexico, first certified for Medicare or Medicaid in 2014. CMS rates it 5 out of 5 stars overall in its September 2026 data, and it averaged 111.0 residents a day, about 93% of its certified beds. It has an active FHA-insured Section 232 loan: $29.8 million originally, at 6.23%, with $29.3 million outstanding as of September 30, 2026 and maturity in June 2059.
Facility facts
- Certified beds
- 120
- Average residents per day
- 111.0 (92.5% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Ph Ops of Las Estancias LLC
- Certified since
- Jul 1, 2014
- Chain or affiliated group
- Purehealth (8 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 Mexico median | US median |
|---|---|---|---|
| Overall rating | 5 of 5 | State spread: 12 at 1, 21 at 2, 13 at 3, 7 at 4, 14 at 5 | |
| Health inspections | 4 of 5 | ||
| Quality measures | 5 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 3.94 | 3.43 | 3.68 |
| RN hours per resident per day | 0.57 | 0.59 | 0.58 |
| Weekend nurse hours per resident per day | 3.38 | ||
| Nursing staff turnover | 32.5% | 52.8% | 44.9% |
| Occupancy (residents / beds) | 92.5% | 88.3% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 11 (Feb 21, 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). Las Estancias by Pure Health 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 |
|---|---|---|---|
| Ph Ops of Las Estancias LLCOrganization | Direct Ownership Interest | n/a | 07/01/2022 |
| Tx Nm Operations Holdings LLCOrganization | Direct Ownership Interest | n/a | 07/01/2022 |
| Bgaf Holdings LLCOrganization | Indirect Ownership Interest | n/a | 07/01/2022 |
| Kccj1 Holdings LLCOrganization | Indirect Ownership Interest | n/a | 07/01/2022 |
| Lbei Holdings LLCOrganization | Indirect Ownership Interest | n/a | 07/01/2022 |
| Bell, KevinIndividual | Indirect Ownership Interest | n/a | 07/01/2022 |
| Campion, RobertIndividual | Indirect Ownership Interest | n/a | 07/01/2022 |
| Dwight Mortgage Trust LLCOrganization | Mortgage Interest | n/a | 07/01/2022 |
| Bell, KevinIndividual | Operational / Managerial Control | n/a | 07/01/2022 |
| Butuc, RaduIndividual | Operational / Managerial Control | n/a | 09/21/2024 |
| Campion, RobertIndividual | Operational / Managerial Control | n/a | 07/01/2022 |
| Fraser, SiobaughnIndividual | Operational / Managerial Control | n/a | 07/01/2022 |
| Gonzalez-Roberts, ElizabethIndividual | Operational / Managerial Control | n/a | 07/01/2022 |
| Grice, JolietteIndividual | Operational / Managerial Control | n/a | 08/10/2023 |
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.
Holders of a 5% or greater mortgage interest reported in the enrollment record: Dwight Mortgage Trust LLC.
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Jul 1, 2022 | Ph Ops of Las Estancias LLC | Rehab Suites at Las Estancias 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 |
|---|---|---|---|---|
| May 30, 2024 | 223(f) refinance or purchaseHUD project name: Las Estancias by Pure Health, 120 beds. Lender at endorsement: Dwight Capital LLC | $29,840,000 | Active: 6.23%, $29,266,001 balanceMatures Jun 1, 2059. Servicer: Dwight Capital LLC | 11622040 |
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.