New Wave Loans Provides $10.5 Million Loan for BH Group Assisted Living Acquisition “The Atrium Boca” from Blackstone

MIAMI and BOCA RATON, Fla., Dec. 09, 2025 (GLOBE NEWSWIRE) -- BH GSC Boca LLC, a partnership formed with BH Group and an experienced assisted-living operator, has acquired The Atrium Boca, a licensed assisted-living facility located at 1080 NW 15th St, Boca Raton, Florida. The property was previously owned by Blackstone. The partners acquired the asset for $12.25 million, significant discount from Blackstone’s 2017 acquisition price of $21.8 million. The joint venture plans to reposition and stabilize the c ...