Investment Firm Adds 415-bed Campus in Langhorne, Pa.
LANGHORNE, Pa., Jan. 13, 2022 — Tryko Partners has expanded its Greater Philadelphia presence with the acquisition of the Attleboro Community, a continuing care retirement community in Bucks County. Spanning 18 acres at 290, 300 and 310 E. Winchester Avenue in Langhorne, the 415-bed campus has been rebranded as Oxford Enhanced Senior Living.
“Bucks County is a phenomenal market with a large senior population and strong hospital networks,” said Tryko’s Uri Kahanow, director of acquisitions. “The seller, Wilmac Corporation, has done a fine job with this well-respected CCRC. We recognized a terrific opportunity to purchase a property well positioned to grow its leadership position and enhance its contributions to the marketplace.”
The campus’ skilled nursing facility, Oxford Rehabilitation & Healthcare Center, provides post-hospital care, short-term rehab and long-term residential care; it maintains a five-star rating from the Centers for Medicare & Medicaid Services (CMS). Oxford Enhanced Senior Living also includes Oxford Crossings, a personal care component featuring a memory care unit, as well as independent living apartments.
According to Kahanow, a significant value-add capital project is planned. “This property has solid bones and is not particularly dated; our upgrade will further ensure it is recognized as the region’s destination of choice for all levels of care,” he noted.
Langhorne is situated approximately 22 miles northeast of downtown Philadelphia in Bucks County, the fourth-most populous county in Pennsylvania. Oxford’s primary referral sources for sub-acute admissions are Trinity Health’s St. Mary Medical Center and Jefferson Bucks Hospital, both of which are less than four miles away.
Founded in 1989 and based in Brick, N.J., Tryko Partners maintains a deep commitment to healthcare facility investment. Its growing portfolio currently includes nearly 6,000 skilled nursing and assisted living beds in New England and the Mid-Atlantic region – including eight properties in the Greater Philadelphia area. Tryko-owned facilities are supported by Marquis Health Consulting Services, a highly skilled and vision-driven nursing home consulting company with deep experience; decades of practice; and a wealth of knowledge, ideas and best practices for adapting to the changing healthcare industry.
Tryko Partners also purchases multifamily assets – including market-rate, age-restricted and affordable-housing properties.
About Tryko Partners
1608 Rt. 88, Brick, New Jersey, 08724