WYNDMOOR, Pa. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Wyndmoor Hills, a 180-unit rental continuing care retirement community (CCRC).
The community is located on 12 acres in Wyndmoor, an affluent suburb just north of Philadelphia. The building totals 214,288 square feet.
Blueprint represented the court-appointed receiver for the sale of the financially distressed community. The receiver took over operational control and saw immediate improvement, allowing the property to be marketed as a value-add opportunity.
A regional buyer with a track record for turnaround projects acquired the property for an undisclosed price.
Steve Thomes, Michael Segal and Dan Mahoney of Blueprint were the lead advisors on the transaction.