Global REIT Buys Six Senior Housing Properties on Long Island

Global REIT Buys Six Senior Housing Properties on Long Island

A massive real estate deal is making headlines in the Long Island, New York market. Chicago-based Ventas, a publicly traded real estate investment trust, is purchasing six senior housing communities for more than $600 million, according to Bloomberg.

The properties include some of the most recognized Bristal Assisted Living facilities: 120 units in Mount Sinai, 168 units in West Babylon, 140 units in Westbury, 152 units in Bethpage, and 180 units in Jericho. Industry insiders also believe the deal covers Encore Luxury Living, a 100-unit 55-and-over community located next to the Bristal in Jericho.

The sellers are Jericho-based B2K Development and Harrison Street Real Estate Capital, also headquartered in Chicago. While the assets are changing ownership, B2K is expected to continue managing the properties. Newmark Group advised the sellers during the transaction.

Ventas is no stranger to senior housing. The company claims to be the second-largest owner of senior living communities worldwide. As of June 30, it owned more than 850 senior housing properties and reported revenues of $2.78 billion in just the first half of 2025.

Even after this sale, B2K will remain a key player in the market. The company still operates 11 Bristal Assisted Living locations across  Long Island, New York, plus eight additional communities in Westchester County, New Jersey, and Manhattan.

For investors and families alike, this deal underscores the strength of the senior housing market in  Long Island, New York. With an aging population and strong demand for high-quality facilities, this sector continues to attract major institutional investment.

FAQs

What makes senior housing on Long Island a strong investment?
The demand for quality senior living is rising as the local population ages. Limited new supply and strong demand make it an attractive market for investors.

Who purchased the Long Island senior housing properties?
Chicago-based Ventas, a global real estate investment trust, acquired six communities, including several Bristal Assisted Living locations.

Which senior housing communities are included in the deal?
The acquisition covers Bristal Assisted Living in Mount Sinai, West Babylon, Westbury, Bethpage, and Jericho, as well as Encore Luxury Living in Jericho.

Will B2K Development still manage these communities?
Yes. Despite selling the properties, B2K will continue managing them, ensuring consistency in operations.

What does this mean for families in Long Island?
Families can expect continued access to high-quality senior living facilities, while the investment from a global REIT highlights the long-term strength of the senior housing market in Long Island, New York.