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