Website pattern-02.png

Lightning Strikes Again

Sale of 176-bed skilled nursing facility in Philadelphia
Blueprint is pleased to announce the successful sale of Fairview Care Center of Bethlehem Pike, a 176-bed skilled nursing facility in the Chestnut Hill area of Philadelphia, Pennsylvania. Blueprint executed the deal as a related, follow-up transaction between the buyer and seller of the recently announced Lightning Portfolio sale.
While navigating through certain transaction-related obstacles associated with the larger portfolio, Blueprint creatively overcame the issues by advising its client to strategically divest of Fairview Care Center of Bethlehem Pike under similar terms to that of the portfolio sale.

The single-asset transaction allowed the seller to realize solid market value while maintaining the overall portfolio premium, and the buyer, a regional owner-operator with a growing presence in and around the Philadelphia market, found the Bethlehem Pike location attractively situated within its growing regional footprint.

Blueprint struck the sale within 90 days of contract execution and less than 60 days following the Lightning Portfolio closing.
While navigating through certain transaction-related obstacles associated with the larger portfolio, Blueprint creatively overcame the issues by advising its client to strategically divest of Fairview Care Center of Bethlehem Pike under similar terms to that of the portfolio sale.

The single-asset transaction allowed the seller to realize solid market value while maintaining the overall portfolio premium, and the buyer, a regional owner-operator with a growing presence in and around the Philadelphia market, found the Bethlehem Pike location attractively situated within its growing regional footprint.

Blueprint struck the sale within 90 days of contract execution and less than 60 days following the Lightning Portfolio closing.

Michael Segal

Christopher Hyldahl

Ben Firestone