Blueprint Negotiates Sale of Three-Property Skilled Nursing Portfolio in Pennsylvania

SCRANTON, Pa. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a three-property skilled nursing portfolio in the Wyoming Valley region of Northeast Pennsylvania.

Blueprint represented the sellers, a private investor and regional operator. A REIT acquired the properties for an undisclosed price, along with an operational partner with an existing presence in the state.

Located along a 25-mile stretch in the Scranton/Wilkes-Barre market, the portfolio consists of 416 licensed beds. Ownership recently completed substantial renovations. The facilities were 85 percent occupied and generating over $34 million in total revenue with improving operating margins.

Christopher Hyldahl, Michael Segal and Gideon Orion of Blueprint handled the transaction.