Isaac Toledano And Michael Verbitsky Acquire Sterling Aventura Senior Housing For $12M From Schwarzman

The property asset involved in this transaction is a senior housing facility located at 2777 Northeast 183rd Street in the Aventura market. The asset spans 1.8 acres and consists of 171 units. The total sale price for the facility is $12,000,000, which translates to a price per unit of $70,175. The building is 160,517 square feet, resulting in a price per square foot of $75.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $12,000,000
• Units: 171
• Price per Unit: $70,175
• Square Footage: 160,517
• Price per Square Foot: $75
• Buyer: Isaac Toledano - BH Group; Michael Verbitsky - Gold Standard of Care
• Seller: Stephen A. Schwarzman - Blackstone

Isaac Toledano and Michael Verbitsky led the acquisition of the Sterling Aventura assisted living community, which illustrates their strategic interest in senior housing. This transaction marks a significant reduction from the previous purchase price by Blackstone in 2017. The financing for this acquisition was facilitated by New Wave Loans, enabling the buyers to gain operational control over the facility.