Blackstone offloads Aventura senior living facility at $37M loss
Blackstone held a fire sale on an Aventura senior living facility, selling the site for a $36.5 million discount. Aventura-based BH Group, led by Isaac and Liat Toledano, and Fort Lauderdale-based Gold Standard of Care bought Sterling Aventura at 2777 Northeast 183rd Street in Aventura for $12 million, a source close to the transaction told The Real Deal. New Wave Loans provided financing for the buyers. The joint venture paid 75 percent below the previous sale price eight years ago. Blackstone, led by Stephen Schwarzman, bought the property for $48.9 million in 2017, records show. At the time, the purchase […]This article originally appeared on The Real Deal. Click here to read the full story.
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