Philadelphia Skilled Nursing Facility Portfolio
Category: Skilled Nursing Facilities
Philadelphia Skilled Nursing Facility is a five-building portfolio of skilled nursing facilities located throughout Philadelphia.
The portfolio totals approximately 392,000-square-feet and 1,200 patient beds. Since 2001, more than $33 million in capital improvements have been completed throughout the portfolio, which is now leased to Mid-Atlantic Health Care, LLC through June 2026 with three five-year renewal options and one 59-month renewal option. Under the terms of the bond net lease, Mid-Atlantic is responsible for all portfolio operational and maintenance expenses.
The acquisition is comprised of the following properties:
- Care Pavilion of Walnut Creek
- Cheltenham York Road Nursing & Rehabilitation Center
- Cliveden Convalescent Center
- Maplewood Manor
- Tucker House Nursing Home