1. BH GSC Boca acquired The Atrium Boca for $12.25 million. 2. The property was previously owned by Blackstone, acquired for $21.8 million in 2017. 3. Plans include operational improvements and enhanced care services for residents. 4. Financed by New Wave Loans, totaling $10.5 million for acquisition and CAPEX. 5. BH Group aims to reposition and restore the property to its full potential.
FAQ
Why Bearish?
The significant drop in acquisition price suggests potential undervaluation of Blackstone's properties, reflecting market pressures. Historically, such sales at a loss can lead to negative sentiment around affected companies.
How important is it?
The acquisition reflects a shifting market in healthcare real estate, directly impacting BX's recent transactions and perceived asset values. This could suggest strategic reevaluation from investors.
Why Short Term?
The immediate implications of the acquisition price could influence BX in the near term, especially if similar events occur. The market may react quickly to signs of asset devaluation.
BH Group Acquires The Atrium Boca with Financing from New Wave Loans
On December 9, 2025, BH GSC Boca LLC, a collaboration between BH Group and an experienced assisted-living operator, announced the acquisition of The Atrium Boca, a licensed assisted-living facility located at 1080 NW 15th St, Boca Raton, Florida. The property was previously owned by Blackstone (BX) and was purchased for $12.25 million, a substantial discount from Blackstone’s acquisition price of $21.8 million in 2017.
Acquisition Financing and Strategic Plans
The acquisition was financed by New Wave Loans, which provided a $10.5 million loan that includes reserves for capital expenditure (CAPEX). The partners have plans to reposition and stabilize the community through targeted operational improvements and enhanced resident care services.
A representative from the operating partner commented, “We are excited to collaborate with BH Group on elevating The Atrium Boca. Our focus will be on strengthening operations, improving resident experience, and restoring the property to its full potential.”
About BH Group
BH Group is based in Miami and specializes in real estate investment and operations, especially focused on healthcare-adjacent and senior-housing assets. The firm is committed to value-add repositioning and operational optimization in its endeavors.
About New Wave Loans
New Wave Loans is a local private lending firm that offers fast, flexible, and creative financing solutions tailored for real estate professionals throughout Florida and the United States. The firm excels in managing complex transactions that require speed and certainty of execution.
About The Atrium Boca
The Atrium Boca is a well-regarded assisted-living community located at 1080 NW 15th St. in Boca Raton, Florida. It provides residents with personalized care, supportive services, and a comfortable, community-centered living environment.
Media Contact
For inquiries regarding New Wave Loans, please contact:
- Ryan Powers, Partner
- Phone: 305-833-3873
- Email: Info@newwaveloans.com