BRYN MAWR, Pa. — Lument Securities has advised the board of directors of Bryn Mawr Terrace, a continuing care retirement community (CCRC) in Bryn Mawr, on its sale to a private operator.
Located roughly 10 miles from downtown Philadelphia and operated by Main Line Senior Care Alliance, Bryn Mawr Terrace is an independent, nonprofit organization providing skilled nursing, memory care and personal care services. As a standalone senior care provider without a Medicaid license, the board of directors at Bryn Mawr sought a strategic and confidential sale.
The transaction closed in late August and included an assumption of the existing HUD loan that is also serviced by Lument. Additional terms of the transaction were not disclosed.
Lument Securities served as exclusive financial advisor to Bryn Mawr Terrace in connection with the transaction. Post & Schell PC served as legal counsel to Bryn Mawr Terrace.
Laca Wong-Hammond and Dominic Porretta led the transaction for Lument Securities.