Debra A. Cafaro Of Ventas Inc. Acquires Five-Property Senior Housing Portfolio For $600M

The transaction involves a five-property Bristal senior housing portfolio located in Mount Sinai, West Babylon, Holtsville, Bethpage, and Jericho. The portfolio was sold for a total amount exceeding $600 million, highlighting its significant value in the senior housing market. The properties included in the sale are situated at 400 Sutton Court, 520 Montauk Highway, 5535 Express Drive North, 1075 Stewart Avenue, and 310 Jericho Turnpike.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $600,000,000
• Buyer: Debra A. Cafaro - Ventas Inc.
• Seller: Christopher Merrill - Harrison Street & Steven Krieger - B2K Development

The transaction was facilitated by Debra A. Cafaro representing Ventas Inc. The sellers, Christopher Merrill representing Harrison Street and Steven Krieger representing B2K Development, completed the sale as part of their strategic management of the senior housing assets.