<h2>Record-Breaking Sale: Blackstone Sells Boca Raton Senior Living Site At Discount</h2>
Blackstone Group has sold another South Florida senior living facility to BH Group and Gold Standard of Care at a significant discount. The joint venture paid .2 million for Atrium at Boca Raton, roughly million below the previous sale price eight years ago.
Blackstone Sells Boca Raton helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.
The joint venture paid $12.2 million for Atrium at Boca Raton, roughly $10 million below the previous sale price eight years ago, according to a source familiar with the deal.
Gold Standard of Care’s family office provided the equity capital for the purchase, a press release states.
In 2017, Blackstone paid $22 million for the 160-bed facility at 1080 Northwest 15th Street in Boca Raton, records show. The acquisition was part of a larger $155 million acquisition of South Florida senior living facilities the same year.
New York-based Blackstone, led by Stephen Schwarzman, is in the midst of offloading a national portfolio of senior living properties that resulted in heavy losses for the institutional investment giant.
Aventura-based BH Group, led by Isaac and Liat Toledano, and Fort Lauderdale-based Gold Standard of Care, partnered to acquire Blackstone’s senior living assets in South Florida, the release states. The joint venture’s acquisitions entail a combined 330 units in two of the state’s most desirable senior living markets — Aventura and Boca Raton.
Gold Standard of Care will operate the facilities in a partnership with Miami Gardens-based Colonial Assisted Living, led by Ricki Kaneti, according to the release.
This month, BH and Gold Standard of Care also paid $12 million for Sterling Aventura at 2777 Northeast 183rd Street in Aventura, representing a $36.9 million discount from Blackstone’s $48.9 million purchase price in 2017.
Sitting on a 1.8-acre site, Sterling Aventura is an eight-story project with 171 units completed in 2001, records show.
When BH’s Isaac Toledano identified the Aventura and Boca Raton sites as a strategic opportunity, Gold Standard of Care was selected to lead the partnership and execute the redevelopment strategy, the release states.
“As we expand throughout South Florida, we focus on opportunities that offer long-term stability,” Isaac Toledano said in a statement. “Senior housing is a niche we know well, and both properties check all the boxes: solid fundamentals, a prime location and sustained demand.”
Sterling Aventura and Atrium of Boca Raton will be rebranded as AHAVA Senior Residences at Aventura and AHAVA Senior Residences Boca, respectively. The facilities require modernization and improvement, which is Gold Standard of Care’s speciality, the release states.
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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAxNDE3″,”databaseId”:1001417,”title”:”Blackstone sells another South Florida senior living facility at a discount”,”status”:”publish”,”slug”:”blackstone-sells-boca-raton-senior-living-site-at-discount”,”uri”:”/miami/2025/11/19/blackstone-sells-boca-raton-senior-living-site-at-discount/”,”link”:”https://therealdeal.com/miami/2025/11/19/blackstone-sells-boca-raton-senior-living-site-at-discount/”,”dateGmt”:”2025-11-19T15:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eBlackstone sold another South Florida senior living facility to BH Group and Gold Standard of Care at a discount.u0026nbsp;u003c/pu003enu003cpu003eThe joint venture paid $12.2 million for Atrium at Boca Raton, roughly $10 million below the previous sale price eight years ago, according to a source familiar with the deal.u003c/pu003enu003cpu003eGold Standard of Care’s family office provided the equity capital for the purchase, a press release states.u003c/pu003enu003cpu003eIn 2017, Blackstone paid $22 million for the 160-bed facility at 1080 Northwest 15th Street in Boca Raton, records show. The acquisition was part of a larger u003ca href=”/miami/2017/03/14/blackstone-buys-senior-living-properties-in-south-florida-for-155m/”u003e$155 millionu003c/au003e acquisition of South Florida senior living facilities the same year.u0026nbsp;u003c/pu003enu003cpu003eNew York-based u003ca href=”/miami/2025/09/15/revealed-blackstone-pays-148m-for-brickells-east-miami/”u003eBlackstoneu003c/au003e, led by Stephen Schwarzman, is in the midst of offloading a national portfolio of senior living properties that resulted in heavy losses for the institutional investment giant.u0026nbsp;u003c/pu003enu003cpu003eAventura-based u003ca href=”/miami/2025/11/11/bh-group-under-contract-to-buy-wellington-golf-course/”u003eBH Groupu003c/au003e, led by Isaac and Liat Toledano, and Fort Lauderdale-based u003ca href=”/miami/2021/10/06/gold-standard-of-care-pays-14m-for-assisted-living-facility-in-west-palm/”u003eGold Standard of Careu003c/au003e, partnered to acquire Blackstone’s senior living assets in South Florida, the release states. The joint venture’s acquisitions entail a combined 330 units in two of the state’s most desirable senior living markets — Aventura and Boca Raton.u0026nbsp;u003c/pu003enu003cpu003eGold Standard of Care will operate the facilities in a partnership with Miami Gardens-based Colonial Assisted Living, led by Ricki Kaneti, according to the release.u0026nbsp;u003c/pu003enu003cpu003eThis month, BH and Gold Standard of Care also paid u003ca href=”/miami/2025/11/07/blackstone-sells-aventura-facility-for-loss/”u003e$12 millionu003c/au003e for Sterling Aventura at 2777 Northeast 183rd Street in Aventura, representing a $36.9 million discount from Blackstone’s $48.9 million purchase price in 2017.u0026nbsp;u003c/pu003enu003cpu003eSitting on a 1.8-acre site, Sterling Aventura is an eight-story project with 171 units completed in 2001, records show.u003c/pu003enu003cpu003eWhen BH’s Isaac Toledano identified the Aventura and Boca Raton sites as a strategic opportunity, Gold Standard of Care was selected to lead the partnership and execute the redevelopment strategy, the release states.u0026nbsp;u003c/pu003enu003cpu003e“As we expand throughout South Florida, we focus on opportunities that offer long-term stability,” Isaac Toledano said in a statement. “Senior housing is a niche we know well, and both properties check all the boxes: solid fundamentals, a prime location and sustained demand.”u0026nbsp;u003c/pu003enu003cpu003eSterling Aventura and Atrium of Boca Raton will be rebranded as AHAVA Senior Residences at Aventura and AHAVA Senior Residences Boca, respectively. The facilities require modernization and improvement, which is Gold Standard of Care’s speciality, the release states.u003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Investment giant sold Atrium at Boca Raton to BH Group and Gold Standard of Care”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-19T15:31:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eBlackstone sold another South Florida senior living facility, Atrium at Boca Raton, to a joint venture between BH Group and Gold Standard of Care for $12.2 million, which is about $10 million less than the $22 million Blackstone paid in 2017.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThis transaction is part of Blackstone’s national offloading of senior living properties that has resulted in heavy losses for the investment giant.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe joint venture, which also recently acquired Sterling Aventura from Blackstone at a significant discount, plans to rebrand the two facilities as AHAVA Senior Residences at Aventura, and AHAVA Senior Residences Boca, and modernize and improve them.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:null,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-1400×933.jpg 1400w, /wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-300×200.jpg 300w, /wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-700×467.jpg 700w, /wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-200×133.jpg 200w, /wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-768×512.jpg 768w, /wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-1024×683.jpg 1024w, /wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-50×33.jpg 50w, /wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eBH Group’s Isaac and Liat Toledano and Blackstoneu0026#8217;s Stephen Schwarzman with the Atrium at Boca Rau0026#8230;u003c/pu003en”,”altText”:”BH Group’s Isaac and Liat Toledano and Blackstone’s Stephen Schwarzman with the Atrium at Boca Raton at 1080 Northwest 15th Street in Boca Raton”,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”BH Group’s Isaac and Liat Toledano and Blackstone’s Stephen Schwarzman with the Atrium at Boca Raton at 1080 Northwest 15th Street in Boca Raton (Getty, BH Group, Blackstone, Atrium at Boca Raton)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living-50×33.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eBH Group’s Isaac and Liat Toledano and Blackstoneu0026#8217;s Stephen Schwarzman with the Atrium at Boca Rau0026#8230;u003c/pu003en”,”altText”:”BH Group’s Isaac and Liat Toledano and Blackstone’s Stephen Schwarzman with the Atrium at Boca Raton at 1080 Northwest 15th Street in Boca Raton”,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”933″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”Blackstone Sells Boca Raton Senior Living Site At Discount”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta 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Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-19T15:30:00+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living.jpg” /u003entu003cmeta property=”og:image:width” content=”1500″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Francisco Alvarado” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”Blackstone sold another South Florida senior living facility to BH Group and Gold Standard of Care at a discount.u0026nbsp; The joint venture paid $12.2 million for Atrium at Boca Raton, roughly $10 million below the previous sale price eight years ago, according to a source familiar with the deal. Gold Standard of Care’s family office provided the equity capital for the purchase, a press release states. In 2017, Blackstone paid $22 million for the 160-bed facility at 1080 Northwest 15th Street in Boca Raton, records show. The acquisition was part of a larger $155 million acquisition of South Florida senior [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Steven Dilakian” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”2 minutes” /u003enu003cscript type=”application/ld+json” class=”yoast-schema-graph”u003e{“@context”:”https://schema.org”,”@graph”:[{“@type”:”NewsArticle”,”@id”:”https://therealdeal.com/miami/2025/11/19/blackstone-sells-boca-raton-senior-living-site-at-discount/#article”,”isPartOf”:{“@id”:”https://therealdeal.com/miami/2025/11/19/blackstone-sells-boca-raton-senior-living-site-at-discount/”},”author”:[{“@type”:”Person”,”@id”:”https://therealdeal.com/#/schema/person/c342492cb602b1402a4b81a39a649189″,”name”:”Francisco 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Raton at 1080 Northwest 15th Street in Boca Raton (Getty, BH Group, Blackstone, Atrium at Boca Raton)”,”creditText”:”The Real Deal”,”creator”:{“id”:”https://therealdeal.com/#organization”}}],”thumbnailUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Blackstone-Senior-Living.jpg”,”articleSection”:[“Commercial”],”inLanguage”:”en-US”,”description”:”Blackstone sold another South Florida senior living facility to BH Group and Gold Standard of Care at a discount.u0026nbsp; The joint venture paid $12.2 million for Atrium at Boca Raton, roughly $10 million below the previous sale price eight years ago, according to a source familiar with the deal. Gold Standard of Care’s family office provided the equity capital for the purchase, a press release states. In 2017, Blackstone paid $22 million for the 160-bed facility at 1080 Northwest 15th Street in Boca Raton, records show. The acquisition was part of a larger $155 million acquisition of South Florida senior [u0026hellip;]”,”isAccessibleForFree”:”false”,”hasPart”:{“@type”:”WebPageElement”,”isAccessibleForFree”:”false”,”cssSelector”:”#the-content”},”copyrightHolder”:{“@id”:”https://therealdeal.com/#organization”,”name”:”The Real Deal”},”copyrightYear”:”2025″,”alternativeHeadline”:”Investment giant sold Atrium at Boca Raton to BH Group and Gold Standard of Care”,”backstory”:{“@type”:”CreativeWork”,”text”:”Blackstone sold another South Florida senior living facility to BH Group and Gold Standard of Care at a discount.u0026nbsp; The joint venture paid $12.2 million for Atrium at Boca Raton, roughly $10 million below the previous sale price eight years ago, according to a source familiar with the deal. Gold Standard of Care’s family office provided the equity capital for the purchase, a press release states. 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The acquisition was part of a larger $155 million acquisition of South Florida senior living facilities by Blackstone in 2017. The joint venture’s acquisitions entail a combined 330 units in two of the state’s most desirable senior living markets — Aventura and Boca Raton.
Blackstone Sells Boca Raton: Practical Checklist
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FAQ: Blackstone Sells Boca Raton
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