BH Group and Gold Standard of Care have acquired AdviniaCare Naples, an approximately 5.1-acre senior living and skilled nursing campus at 7801 Airport-Pulling Road North in Naples, Florida, for $10 million. The partnership plans to reposition the property under the AHAVA senior living brand.
The campus includes an assisted living facility and a skilled nursing and rehabilitation component. Previous transaction records describe the Naples property as containing 117 units, comprising 93 assisted living units and 24 skilled nursing units with 40 licensed beds. The property totals approximately 78,859 square feet.
The campus is being rebranded as AHAVA Senior Residences at Naples and AHAVA Skilled Nursing and Rehabilitation – Naples. Operations will be led by senior living operator Ricki Kaneti, who will oversee both components of the property.
“This acquisition reflects BH Group’s commitment to identifying exceptional investment opportunities with significant long-term potential,” said Isaac Toledano, Founder and CEO of BH Group. “Naples is a highly desirable and growing market, and we see tremendous opportunity to transform this property into a premier senior living and skilled nursing destination. Together with Gold Standard of Care and Ricki Kaneti, we are bringing the investment expertise, operational experience, and vision needed to unlock the property’s full potential while enhancing the quality of life for its residents. This is exactly the type of strategic investment we believe will create lasting value for both the community and our partnership.”…