Blackstone sells another South Florida senior living facility at a discount

Blackstone sold another South Florida senior living facility to BH Group and Gold Standard of Care at a discount.  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 […]This article originally appeared on The Real Deal. Click here to read the full story.